True or False: Interest is the cost of borrowing money. Select one: O True O False

Question

Question

Answer 1

Answer #1

The statement is True. Interest is cost of borrowing money. It is the amount paid in over the money so borrowed

Answer 2

Answer #2

Add you answer here...true

source: busenss

answered by: atinkut

Answer 3

Similar Homework Help Questions

Compound interest involves the concept of interest on interest. Select one: O True False

Compound interest involves the concept of interest on interest. Select one: O True False
True or False: HCIO is a stronger acid than HIO Select one: O True O False...

True or False: HCIO is a stronger acid than HIO Select one: O True O False True or False: H2CO3 is a stronger acid than H2SO4 Select one: True O False True or False: NH3 is a stronger acid than PH3 Select one: O True O False True or False: Hl is a stronger acid than HBr Select one: O True False True or False: HCl is a stronger acid than H2S Select one: O True O False
Tracking input in money terms is a method of measuring productivity. Select one: O True O...

Tracking input in money terms is a method of measuring productivity. Select one: O True O False

statement is Select one O True O False acer

statement is Select one O True O False acer
Assets of governmental-type funds include cash and investments, but not capital assets. Select one: True False...

Assets of governmental-type funds include cash and investments, but not capital assets. Select one: True False Long-term borrowing is a source of financing capital acquisitions, but the borrowing is not reported as a liability of the Capital Projects Fund. Select one: True False The required financial statements for fiduciary type funds are a statement of changes in fiduciary net position and a statement of fiduciary net position. Select one: True O False
Miluterm Select one: O True O False A definition version for the term "species" is that...

Miluterm Select one: O True O False A definition version for the term "species" is that it describes a reproductively isolated group of organisms. a. True b. False Select one: O True O False Aristotle's taxonomic classification indicated a sequence of biologically simple to more complex organisms, usually called the "Great Chain of Beings". This was used in Medieval times to support the notion that evolution was not taking place, and that there was "stasis" (or no change).

True or False: Somatic hypermutation strengthens the memory response against a known pathogen. Select one: O...

True or False: Somatic hypermutation strengthens the memory response against a known pathogen. Select one: O O True False True or False: Large amounts of high affinity IgG are produced during the primary response to infection. Select one: O True O False True or False: The T-cell zone exists in the germinal center of the primary follicle. Select one: O O True False True or False: An example of T-cell Independent-1 B-cell activation is lipopolysaccharide (LPS) interaction with both the...
The tragedy of the commons is an externality problem. Select one: O True O False

The tragedy of the commons is an externality problem. Select one: O True O False
Patient autonomy is possible in all situations. Select one: O a. True O b. False Email...

Patient autonomy is possible in all situations. Select one: O a. True O b. False Email messages are not legally binding. Select one: O a. True . b. False

q5 q6 Question 6 Interest is money paid for the use of borrowed money. True False...

q5 q6 Question 6 Interest is money paid for the use of borrowed money. True False Question 5 Decision making in engineering follows the nine step process. problem definition.goal definition, data collection, analysis, synthesis, alternative evaluation, recommended solution, implementation, and follow up True O False