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Which of the following is the best example of a convenience product?
Loans
Sums of money borrowed that are expected to be paid back with interest, often under agreed-upon terms between lenders and borrowers.
Simple Interest
Interest earned or paid on the original principal only of a deposit or loan, without compounding.
Loan Repaid
The act of paying back borrowed money to the lender.
Borrowed
The state of having taken something on loan, often with the obligation to return it or repay an equivalent amount.
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