Concept information
Preferred term
interest rates
Definition
- Interest rates are the cost of borrowing money; more specifically, interest rates are the price of credit. They are sometimes defined as the “rent” on borrowed capital, or as a fee on borrowed capital. [Source: Encyclopedia of Business in Today's World; Interest Rates]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/interest_rates
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