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Interest rates
Question | Answer |
---|---|
Creditworthy | safe to lend money to |
floating rate | a borrowing rate that isn’t fixed |
invest | to spend money in order to produce income or profits |
labour | work that provides goods and services |
spread | the difference between borrowing and lending rates |
Output | the difference between borrowing and lending rates |
solvency | having sufficient cash available when debts have to be paid paid |
Interest rate | the cost of borrowing money, expressed as a percentage of the loan |