Examlex
Regarding OCBs, which of the following statements is TRUE?
Annual Payments
Recurring payments made once a year, often related to loans, leases, or other financial obligations.
Interest Rate
The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.
Bond's Principal
The face value of a bond, or the amount that the bond issuer agrees to repay the bondholder at the bond's maturity date.
Bank Interest
The amount paid to depositors for holding their money in a bank account, or the amount charged to borrowers for taking out a loan.
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