Business GCSE
Interest Rate
What Interest Rate means in Business GCSE, as defined for AQA.
Definition of Interest Rate
Check what you remember
Read the wording for your board, then hide it and explain Interest Rate in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The cost of borrowing money and the reward for saving, expressed as a percentage.
Topics that use Interest Rate
- Influences on business (AQA GCSE)
Related terms
- Adapting the marketing mix to external pressures
- Application of business concepts to context
- Batch Production
- Buffer stock
- Business ethics
- Business operations
- Cause and effect reasoning in business
- Chain of Command
Using Interest Rate in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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