Business GCSE
Interest Rates
What Interest Rates means in Business GCSE, as defined for Eduqas.
Definition of Interest Rates
The cost of borrowing money or the reward for saving money, expressed as a percentage.
Topics that use Interest Rates
- Influences on business (Eduqas GCSE)
Related terms
Using Interest Rates in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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