The amount of money a borrower receives from the lender is called the discount rate. true false

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03-05-2018
Business

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The amount of money a borrower receives from the lender is called the discount rate. true false

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Darvinos Darvinos · Answer 1 · 2018-05-12T13:54:28+02:00

Darvinos Darvinos

12-05-2018

The answer is false. The amount of money a borrower receives from the lender is called the loan principal. On the other hand, the discount rate may refer to the charges to the financial institution for lending to other banks.

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