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Which of the following is characteristic of a hyper-social organization?
Simple Interest
Interest earned or paid only on the original principal amount invested or loaned.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.
Repayment Schedule
A detailed plan of the amounts and timing of payments to be made on a loan.
Loan
An amount of money lent out that is to be returned with a specified interest.
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