The Amount of Interest That Is Deducted from the Amount

question 29

Multiple Choice

The amount of interest that is deducted from the amount you wish to borrow in order to get proceeds is

• A)accrued interest.
• B)bank discount.
• C)stated interest.
• D)simple interest.

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Definitions:

Neuroticism

A personality trait characterized by a long-term tendency to experience negative emotions such as anxiety, sadness, and moodiness.

Conscientiousness

A personality trait characterized by being diligent, careful, thorough, organized, and responsible.

Neuroticism

A personality trait characterized by a tendency to experience negative emotions, such as anxiety, depression, and irritability, more frequently and intensely than others.

Big Five Traits

The Big Five Traits are a model in psychology that describes personality in terms of five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.