Which One of the Following Terms Is Used to Describe

question 110

Multiple Choice

Which one of the following terms is used to describe a loan wherein each payment is equal in amount and includes both interest and principal?

• A)amortized loan
• B)modified loan
• C)balloon loan
• D)pure discount loan
• E)interest-only loan

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Definitions:

MIME

Multipurpose Internet Mail Extensions, a standard that extends the format of email messages to support text in character sets other than ASCII, as well as attachments of audio, video, images, and application programs.

SSL Encryption

A method for securing data in transmission between a client and a server on the internet, utilizing cryptographic protocols to ensure confidentiality and integrity.

Static Addressing

Assigning a fixed IP address to a computer within a network, as opposed to dynamically assigning an IP address via DHCP.

Dynamic Addressing

A method in network computing where IP addresses are assigned to devices temporarily from a pool of available addresses, often through DHCP.