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MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 52

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-A collection of data stored in rows and columns


Definitions:

Receivables

Payments due from clients to a business for the delivery of goods or services that have not yet been compensated.

Collateral

An asset or property that a borrower offers to a lender as security for a loan, which the lender can seize if the borrower fails to make required payments.

Installment Loan

A loan that is repaid over time with a set number of scheduled payments.

Stated Annual Rate

The interest rate of a financial product, such as a loan or savings account, as advertised before the effects of compounding and fees.

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