Interest is the price a borrower pays for using someone else’s money, and the income earned by the lender.
Standard detail
MC.1
Depth 1Parent ID: 0FFCD82273194BC183526ACADA9FFBE2Standard set: Grade 4
Original statement
Quick facts
- Statement code
- MC.1
- List ID
- 1
- Standard ID
- 076C117884B94335BE610A2178F2C33A
- Subject
- Personal Financial Education (2021)
- Grades
- 04
- Ancestor IDs
- 0FFCD82273194BC183526ACADA9FFBE2
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US