If a Loan Has a Prepayment Penalty,there Will Be an Additional

question 143

True/False

If a loan has a prepayment penalty,there will be an additional cost to repay the loan early.

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Definitions:

Local Markets

Physical or virtual places within a defined geographical area where goods and services are bought and sold.

Hard Power

The use of military or economic force to influence the behavior or interests of other political bodies.

Economic Force

A factor that affects the direction and magnitude of economic growth or decline, such as consumer behavior, government policy, or technological innovation.

Military Force

The armed forces of a country, used for defense or in combat situations.