Use the Following Two Columns of Items to Answer the Matching

question 20

Multiple Choice

Use the following two columns of items to answer the matching questions below:
-APR

• A)assets of a borrower that back a secured loan
• B)interest rate multiplied by the principal
• C)rate that measures the finance expenses

---

Definitions:

Wear Out

The process by which goods and materials deteriorate in quality and functionality over time due to use.

Expected Utility Function

A concept in economics that calculates the anticipated utility or satisfaction a consumer can derive from various options, considering the probabilities of different outcomes.

Sure Payment

A guaranteed financial transaction where the payer is certain to provide the agreed-upon sum to the payee.

Lottery

A form of gambling that involves the drawing of numbers at random for a prize, often analyzed for its economic impact and decision-making under uncertainty.