Pick the INCORRECT statement about interest.

Question

CHOOSE 1
Interest is charged by credit providers in exchange for the use of their money

You can earn interest when you save or invest money with a bank or financial institution

Interest is what makes money grow and can work for or against you

When you borrow money, the interest must be repaid along with the principal amount that was borrowed

There are no incorrect statements. All statements are correct

Answer 1

There are no incorrect statements. All statements are correct.