Examlex
Total risk is measured by ________ and systematic risk is measured by ________.
Compounded Annually
An interest calculation method where interest is added to the principal sum once every year, resulting in interest earning interest.
Personal Loans
Unsecured loans given to individuals based on their credit history and income, rather than requiring collateral.
Effective Rate
The interest rate on a loan or financial product, restated from the nominal rate as an annual rate accounting for compound interest.
Interest Charged
The cost of borrowing money, calculated as a percentage of the principal amount on a loan or credit.
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