Interest rate which is not reinvested but is earned is classified as
A. invested interest
B. simple interest
C. earned interest
D. unstated interest
Answer: Option B
Solution(By Examveda Team)
Interest rate which is not reinvested but is earned is classified as simple interest. An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed.This Question Belongs to Management >> International Finance And Treasury
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