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Money the depositor earns from a bank account is also called:
AInstalment
BInducement
CInterest
DIncrement
Answer & Solution
Correct answer: C. Interest
1. A depositor is in effect lending to the bank.
2. The bank pays for the use of that money.
3. The earning is called interest.
_Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_
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