When the Lender Provides the Borrower with an Amount of Funds

question 45

Multiple Choice

When the lender provides the borrower with an amount of funds that must be repaid to the lender at the maturity date,along with an additional payment for the interest,it is called a ________.

• A) fixed-payment loan
• B) discount loan
• C) simple loan
• D) none of the above

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Definitions:

Political Organization

A structure that enables a society to make and implement decisions concerning governance and social order.

State

An organized political community living under a government; often refers to the government itself or to the territory the government controls.

Band Society

A small, kinship-based group of foragers who hunt and gather for their living.

Conflict

A struggle or clash between opposing forces, ideas, interests, or individuals, often resulting in tension or dispute.