Opportunity cost is the:

A) benefit that would have been available from the next best use of money.
B) prime rate for large firms.
C) unemployment rate.
D) rate on standard savings accounts.

Opportunity Cost

The cost of forfeiting the next best alternative when making a decision or investment.

Next Best Use

An economic concept referring to the most profitable or valuable alternative use of a resource if it is not used in its current manner.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.