Match each description to the appropriate term (a-h).
-The amount charged for using the money of another party
A)Face amount
B)Term
C)Interest
D)Maturity value
E)Dishonored note
F)Maker
G)Notes receivable
H)Interest rate

Question

Quizplus · Accepted Answer

Interest is the cost of borrowing money, which is the amount charged by the lender to the borrower for the use of the lender's money.

Match Each Description to the Appropriate Term (A-H)