If You Borrow Money with a Single-Payment Loan and Discover

question 14

Multiple Choice

If you borrow money with a single-payment loan and discover you cannot pay it back when it is due you should

• A)let the payment become past due.
• B)consolidate the loan.
• C)convert the loan to installments.
• D)negotiate a loan rollover
• E)file bankruptcy

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Definitions:

Quantity Discounts

Price reductions based on the volume or amount of product purchased, incentivizing bulk buying.

Trade Discounts

A reduction in the listed price of a product or service offered by sellers to buyers engaged in trade or commerce.

Marketing Activities

Actions or tasks related to promoting and selling products or services, including advertising, product development, and market research.

Trade Discounts

A reduction in price given by a supplier or manufacturer to a buyer based on the quantity of product purchased or the immediate payment of goods.