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Which of the Following Is True of Behaviorally Anchored Rating

question 39

Multiple Choice

Which of the following is true of behaviorally anchored rating scales (BARS) ?


Definitions:

Simple Interest

Interest calculated only on the initial amount of a loan or principal, not on the interest previously earned.

Payments

Amounts of money that are paid or due to be paid as part of a contractual agreement or obligation.

Personal Line

A personal line of credit, a type of unsecured loan that provides a borrower access to a set amount of money which they can borrow from as needed.

Prime Rate

The interest rate that banks charge their most creditworthy customers.

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