Which of the following statements MOST ACCURATELY defines the term interest rate?
A. money paid by banks and financial institutions to the U. S. government

B. discounts on purchases
made with a credit card

C. money paid by a borrower
to a lender in exchange for the use of money

D. the level of attention that economists paid to economic activity at any
one time

Multiple-choice the word "democracy" means: (a) "rule by the people" (b) "minority rule" (c) "individual rights" in a democracy, election results are protected against dishonesty by: (a) laws (b) customs (c) values the type of government in which the people are represented by elected officials is sometimes called a: (a) monarchy (b) republic (c) totalitarian state in most democracies, the only legal requirements for voting or holding public office are based on age, residence, and: (a) religion (b) citizenship (c) personal wealth in an election, political parties give voters a choice among candidates who tend to represent different: (a) ethnic groups (b) religious groups (c) interests and points of view

Which of the following is not part of the constitution

People are willing to pay more for a diamond than for a bottle of water because