Choose the Word or Phrase in [ ] Which Will

question 48

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Longer term auto loans have a [lower rate but higher payment | higher rate but lower payment].

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Definitions:

Debit Totals

An aggregate amount of all debits recorded in an accounting period, indicating resources used or expenses.

Credit Totals

The sum of all credit entries made in the accounting ledger, used in balancing the books.

Patents

Exclusive rights to produce and sell goods with one or more unique features.

Account Group

A classification system used in accounting to organize and categorize financial transactions and balances.