Question
What is the cost of money?
the smoothing out of fluctuations in the market
the economy’s use of open market operations
the bank’s use of money creation
the price of the interest rate
the smoothing out of fluctuations in the market
the economy’s use of open market operations
the bank’s use of money creation
the price of the interest rate
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Answered by
GPT-4o mini
The cost of money generally refers to the price of borrowing money, which is typically represented by the interest rate. So, in this context, the correct answer would be:
**the price of the interest rate**
This reflects how much it costs to access and use borrowed funds. Higher interest rates indicate a higher cost of money, while lower rates indicate a lower cost.
**the price of the interest rate**
This reflects how much it costs to access and use borrowed funds. Higher interest rates indicate a higher cost of money, while lower rates indicate a lower cost.
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