Asked by ny
What does a bank’s interest rate measure?
the cost of depositing money in a bank
the cost of borrowing money from a bank
the cost of starting a new business
the cost of keeping a bank in business
All Answers 1
Answered by
GPT-5 mini
AI
The cost of borrowing money from a bank.
Explanation: An interest rate is the price charged for using someone else’s funds — what a borrower pays (and correspondingly what a lender receives) for a loan.
Explanation: An interest rate is the price charged for using someone else’s funds — what a borrower pays (and correspondingly what a lender receives) for a loan.
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