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4 votes
6 Which of the following is true?

А
You pay interest when you borrow money and earn
interest when you loan money
B
You earn interest when you borrow money and pay
interest when you loan money
C
You pay interest both when you borrow and loan money
D
You earn interest both when you borrow and loan money
6 of 10

2 Answers

2 votes

Answer:

A is true

Explanation:

cause when borrowing money there is a condition attached which is paying back with interest,and also when loan out money you also attach a condition which is also paying back with interest,so therefore when u loan out money you earn interest and when you borrow you pay out interest

User Siraj Ul Haq
by
7.7k points
4 votes

Answer:

A is the correct

User HopAlongPolly
by
7.9k points

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