What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal? Select one: a. Rate of return b. Interest rate c. Yield 29 d. Return of investment

What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal? Select one: a. Rate of return b. Interest rate c. Yield 29 d. Return of investment

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 1CQQ

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Question

What refers to the ratio of the interest payment to the principal for a given unit of time and
usually expressed as a percentage of the principal?
Select one:
a. Rate of return
b. Interest rate
c. Yield
29
d. Return of investment

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