When a Loan Is Paid Off in Equal Installments,this Is

question 41

Multiple Choice

When a loan is paid off in equal installments,this is called a(n) ________ loan.

• A)amortized
• B)discounted
• C)balloon
• D)reverse annuity
• E)none of the above

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Definitions:

Economic Exploitation

Describes scenarios where individuals or groups are unfairly used for economic gain, often under conditions that disadvantage or harm them.

Institutional Hub

A central or main organization that supports the activities of a particular institution or group of institutions.

Church

An institution dedicated to religious worship and activities, often representing a community or building where such practices are carried out.

Civil Rights Movement

A historical social and political movement in the United States aimed at ending racial discrimination and securing legal rights for African American citizens.