Asked by Jaden Snell on Jun 29, 2024
Verified
The payment made for the use of money is called
A) investment.
B) dividends.
C) profit.
D) interest.
Interest
The charge for borrowed money, usually expressed as a percentage of the amount borrowed annually.
- Understand the critical role of dividends, interest, and rents as types of income derived from capital.
Verified Answer
KM
Kesilolynnori MameaJun 30, 2024
Final Answer :
D
Explanation :
Interest is the payment made for the use of borrowed money, typically expressed as an annual percentage rate.
Learning Objectives
- Understand the critical role of dividends, interest, and rents as types of income derived from capital.
Related questions
When Recording Bond Interest Interest Receivable Is Reported as a ...
Dividends Received on Stock Investments of Less Than 20% Should ...
Under the Equity Method the Receipt of Dividends from the ...
On January 1 2017 Brenner Company Purchased at Face Value \(\begin{array}{llr} ...
Which of the Following Is Not Part of Working Capital ...