Rates

The term "rates" can refer to various concepts depending on the context. Here are some common interpretations: 1. **Interest Rates**: The percentage charged on borrowed money or earned on investments, typically expressed on an annual basis. For example, a bank might offer a savings account with an interest rate of 2% per year. 2. **Exchange Rates**: The value of one currency in terms of another. For instance, if the exchange rate between the U.S.