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Glossary
Summary

  • Interest is the monetary return on money saved or money loaned.
  • If you are a borrower, interest is the money you pay for the use of another's money. Click here for an example.
  • If you are a lender, interest is the money you receive for letting others use your money. Click here for an example.
Discussion Board Topic: Interest and Saving

Given what you've learned about interest, how do you feel about saving? What do you see as the benefits of saving? Do you think there are any potential risks to saving? Be sure to mention those in your discussion.

Go to the discussion board and answer the above questions.