The interest rate is also called the discount rate.

Name: The interest rate is also called the discount rate.
Brand: Quizplus
Rating: 4.9 (30 reviews)

Question

Quizplus · Accepted Answer

The interest rate and the discount rate are often used interchangeably, particularly in the context of finance and economics. Both terms refer to the rate at which money is borrowed or lent, and they are closely related to each other. While there may be some technical differences between the two, for practical purposes, they can be considered to be the same thing.

The Interest Rate Is Also Called the Discount Rate