An individual deposits a certain amount in a bank. The amount deposited is referred to as ________

A) interest
B) principal
C) installment
D) time value of money

B

Economics

You might also like to view...

Which of the following should not be considered as an opportunity cost of attending college?

a. Expenses that are the same whether or not you attend college b. Lost salary c. Business lunches d. Interest that could have been earned on your money had you put the money into a savings account, rather than spent it on tuition e. Opportunities sacrificed in the decision to attend college

Economics

An example of human capital would be:

A. an office chair. B. a training session on Excel. C. Excel software. D. All of these are examples of human capital.

Economics