An Amount of Money Borrowed from a Lender Is Known

question 66

Multiple Choice

An amount of money borrowed from a lender is known as the

• A) Interest rate
• B) Principal
• C) Maturity length
• D) Prime interest rate

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Definitions:

Business Administration

The management and operation of a business, including the planning, organization, direction, and control of resources to achieve organizational objectives.

Building Strength

Refers to the process of developing or enhancing physical, mental, or structural resilience and capability.

Public Administration

The implementation of government policy and an academic discipline that studies this implementation and prepares civil servants for working in the public service.

Commission

A fee paid to an agent or employee for conducting a transaction or a sale, which is often a percentage of the sale's value.