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