Examlex
Which of the following class levels contains the least amount of racial and ethnic diversity?
Effective Rate
The actual rate of interest earned or paid on an investment or loan over a specified timeframe, taking into account the effect of compounding.
Finance Company
A business that provides loans to individuals or corporations, apart from traditional banks, often focusing on areas such as auto financing, personal loans, and leasing.
Effective Rate
The actual interest rate on an investment or loan, taking into account the effects of compounding.
Insurance Settlement
The amount paid by an insurer to a policyholder or claimant as resolution for a filed claim.
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