Which of the Following Statements Would Most Correctly Complete the Following

question 116

Multiple Choice

Which of the following statements would most correctly complete the following sentence? As the interest rate on a loan increases

• A)the loan maturity would decrease (other things held constant).
• B)the payment amount would decrease (other things held constant).
• C)the amortization would increase (other things held constant).
• D)the payment amount would increase (other things held constant).
• E)none of the above.

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Definitions:

Inventory

The total amount of goods or materials held by a business, intended for sale or used in production.

GDP

Sum total of the monetary or market valuation of all end-stage goods and services manufactured within a nation's boundaries during a predetermined period is known as the Gross Domestic Product.

IBM

A multinational technology and consulting company known for its hardware, software, and services in computing.

Corporation

A legal entity separated from its owners, providing limited liability protection, and capable of owning property, entering contracts, and being sued.