Question

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

Answer 1

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

Answer 2

A is the correct