A fee paid for using someone else's money is called
A tax
B. balance
C. interest
D. principal
Please select the best answer from the choices provided

c

Explanation:

Interest—The price of using someone else's money; the price of borrowing money. Interest rate—The price paid for using someone else's money, expressed as a percentage of the amount borrowed.

the earnings of a typical investor is around $1,000,000 to $10,000,000

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cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.