Besides the Finance Charge,you Should Also Consider ____ When You

question 126

Multiple Choice

Besides the finance charge,you should also consider ____ when you shop for a consumer loan.

• A)loan maturity
• B)total cost of the loan
• C)collateral requirements
• D)prepayment penalties
• E)all of the above

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Definitions:

Geographic Region

A specific area or section of space characterized by a particular set of features, whether natural, man-made, or social.

Dumping

Selling a product abroad for less than charged in the home market or for less than the cost of production

Research and Development Funding

Financial resources allocated for investigative activities with the intention of making discoveries that can help develop new products or services, or to improve existing ones.

Private Sector

The part of the economy that is owned and operated by individuals and private companies, rather than by the government.