INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 8

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The majority of reduction in consumer indebtedness is due to [loan defaults | loan repayments]

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Net Income

The ultimate earnings of a company, arrived at by taking away all expenses, taxes, and costs from the total income.

Dividends

Earnings distributed by a corporation to its shareholders from its profit.

Annual Amortization

The process of gradually writing off the initial cost of an asset over a period typically corresponding to the asset's useful life.

Investment Balance

The current value of all the investments held by an individual or entity.