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:

Cultural

Relating to the ideas, customs, and social behavior of a society or community.

Treatment

The intervention or set of interventions designed to address a disease, condition, or disorder.

Attentive

The quality of paying close and careful attention to detail, being alert and focused on the task or situation at hand.

Conscious

Being aware of one's own existence, sensations, thoughts, and surroundings.