The Principal of a Loan Is The

question 157

Multiple Choice

The principal of a loan is the:

• A) original amount of the loan.
• B) set of rules and conditions borrowers agree to when taking out a loan.
• C) set of rules and conditions savers agree to when agreeing to let someone borrow their money.
• D) initial credit check conducted by the lender.

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Accompanying Figure

A graphical or pictorial representation provided alongside a text to illustrate or clarify information.

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