hhudson88 hhudson88

23-02-2021
Business

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Please explain to me what interest rate is please im super confused :)

Respuesta :

02-03-2021

Answer: An interest rate is the percentage of principal charged by the lender for the use of its money. The principal is the amount of money loaned. Interest rates affect the cost of loans. ... The Federal Reserve manages interest rates to achieve ideal economic growth.

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