[Answer] A fee banks charge in exchange for borrowing money is called _______

Answer: interest

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A fee banks charge in exchange for borrowing money is called _______ A fee banks charge in exchange for borrowing money is called . interest. ... b. an investment banker. What explains the difference between retail and commercial banking? b. Retail banks loan money to small businesses while commercial banks loan money to large corporations. ... Low interest rates encourage consumers to borrow and spend while ... A responsibility the Federal Reserve has is to. loan money to banks during a crisis. An entrepreneur who needs money to create and distribute a new invention would most likely visit. NOT a commercial banker. This diagram shows how banking in the financial sector fits into the circular flow model. Fri May 19 2017 · When you borrow money from bank it is a business. So when you payback you have to pay than you took. It is the cost of borrowing also known as interest . Thu Jun 02 2016 · A fee banks charge in exchange for borrowing money is called. A fee banks charge in exchange for borrowing money is called interest rate . Wed May 17 2017 · A fee banks charge in exchange for borrowing money is called. Answer. The interest rate is the price established by the banks and other lending institutions in exchange for lending money to e...

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