Multiple Choice
If you make an interest-free loan of $10,000 to a friend to help her get started in her new business and the interest rate charged by banks on similarly-risky loans is 15%,then the opportunity cost of the loan is equal to
A) $10,000.
B) $1,500.
C) $11,500.
D) $0.
E) $8,500.
Correct Answer:
Verified
Correct Answer:
Verified
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