Banking Awareness - Basics Of Banking & Banking Terminology
Which pair of terms correctly matches interest rates with their users?
Which pair of terms correctly matches interest rates with their users?
hard Q10 of 15
Step-by-Step Solution
Step 1: Identify interest receivers and payers
Depositors earn interest, borrowers pay interest.Step 2: Match correctly
Deposit rate applies to depositors and lending rate to borrowers.Final Answer:
Deposit rate – Depositors; Lending rate – Borrowers → Option CQuick Check:
Correct pairing follows interest flow direction ✅
Quick Trick: Depositors earn, borrowers pay.
Common Mistakes:
- Reversing depositor and borrower roles.
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