Banks lend money by charging a certain amount of fee. The additional charge is known as.

interest

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dividends

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profit

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loss

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Solution

The correct option is A interest
Banks lend money by charging a certain amount of fee. The additional charge is known as interest.

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Banks lend money by charging a certain amount of fee. The additional charge is known as ______________.

The rate at which the central bank lends money to member commercial banks against approved securities is known as

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