You Can Better Understand Your Own Needs by

question 11

Multiple Choice

You can better understand your own needs by

• A) brainstorming needs.
• B) listing needs into categories.
• C) ranking needs.
• D) All

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Definitions:

Demand Loan

A type of loan where the lender can demand repayment at any time.

Simple Interest Rate

A fixed percentage of the principal amount that is paid as interest for the use of borrowed funds, calculated on an annual basis without compounding.

Final Payment

The last installment paid on a loan, completing the payback of the total borrowed amount and any accrued interest.

Student Loans

Funds lent to students to help cover the cost of post-secondary education, which typically have to be repaid after graduation.