10
QuizMultiple Choice

Workplace Types and the Economy

Question 10 • SOAR Career Planning and Development

_____ are the cost of borrowing money.

Answer
A
Job networks
B
Interest rates
C
Business cycles
D
Unemployment phases

Explanation

Interest rates are the cost borrowers pay for using someone else’s money, usually expressed as a percentage of the amount borrowed. Job networks, business cycles, and unemployment phases do not describe borrowing costs. Therefore, the correct choice is interest rates.

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