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Type: Multiple-Choice
Category: Personal Finance
Level: Grade 9
Author: L2015Grant
Created: 9 years ago

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Personal Finance Question

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Grade 9 Personal Finance

When you get a loan from a bank, you are required to pay back more than you borrowed. What is the name of this extra money that the bank requires you to pay back?
  1. interest
  2. deposit
  3. deductions