To Convert a Percent to a Fraction, Which of the Following

question 80

Multiple Choice

To convert a percent to a fraction, which of the following is not done?

• A)Drop percent symbol.
• B)Divide by 1/100.
• C)Reduce to lowest terms.
• D)Multiply by 1/100.
• E)None of these.

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Definitions:

Mortgage

A loan typically used to purchase property or real estate, where the property itself serves as collateral for the loan.

Title

The legal right to own, use, or dispose of something, particularly property or intellectual property.

Security

A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Finance Lease

A type of lease agreement in which the lessee effectively obtains ownership of the asset by the end of the lease term, usually involving payment of the asset's full value over time.