1. The problem asks whether the statement "You pay interest when you use other people's money" is true or false. 2. Interest is the cost of borrowing money. When you borrow money from someone else, you usually have to pay back the amount borrowed plus an additional amount called interest. 3. Therefore, if you use other people's money (i.e., you borrow money), you generally pay interest as a fee for using that money. 4. This means the statement is true. **Final answer:** True