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The price that is paid for the use of another's money is called?
Interest
Which concept does Adam smith use to describe the amount of money commonly paid for any comodity?
Market price
Which concept does Adam Smith use to describe the amount of money commonly paid for any commodity?
Market price
What is money paid for the use of someone Else's money called?
Interest
How increasing the money supply affects interest rates?
In general, increasing the money supply will decrease interest rates. Intrest rates reflect the amount paid for the use of money. As the money supply increases, money becomes relatively less scarce and easier to obtain. As with any other good as the supply increases, while demand remains constant, the price will fall. In this case the price of money is the interest rate.
What is the price paid for the use of borrowed money?
It is interest
The price that is paid for the use of another's money is called?
Interest
What is the price paid for the use of a sum of money over a period of time?
That is interest.
Which concept does Adam smith use to describe the amount of money commonly paid for any comodity?
Market price
Is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
Which concept does Adam Smith use to describe the amount of money commonly paid for any commodity?
Market price
What concepts does Adam smith use to describe the amount of money commonly paid for any commodity?
Market price
What is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
Is money paid for the use of money?
Interest.
What is another name for the rent paid to use someone else's money?
rent paid for the use of money is called what?
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is the money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
