Interest rates
What Interest rates means in Business GCSE, as defined for AQA, Eduqas.
Definitions of Interest rates
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Check what you remember
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Reference: AQA
The cost of borrowing and the return on saving, usually expressed as a percentage per year.
The cost of borrowing money or the reward for saving money, expressed as a percentage.
Topics that use Interest rates
- The economic climate on businesses (AQA GCSE)
- Influences on business (Eduqas GCSE)
Related terms
- Business investment decisions
- Cash flow and profit
- Confidence and debt levels
- Consumer Rights Act 2015
- Consumer spending
- Disposable Income
- Economic Climate
- Exchange Rate
Using Interest rates in the exam
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