Interest Flashcards
1
Q
interest
A
price of money
2
Q
payments
A
extra amount of money paid back, more than initially borrowed
3
Q
rate of interest
A
loan charged with a price for borrowing
4
Q
savings
A
paid interest by bank, increased rate = better to save than spend money
5
Q
decreased interest rates
A
decreased borrowing > increased investments > increased growth
6
Q
economic situation
A
describes how well a country/ global economy is performing overall
7
Q
some business are affect by changes in . . .
A
legislation
8
Q
business are expected to change ? to meet environmental expectation
A
ways of operation
