When You Pay Off the Principal and All of the Interest

question 100

Multiple Choice

When you pay off the principal and all of the interest at one time at the maturity date of the loan,we call this type of loan a/an ________.

• A)amortized loan
• B)interest-only loan
• C)discount loan
• D)compound loan

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Definitions:

Infrastructure

Fundamental physical and organizational structures needed for the operation of a society or enterprise, such as roads, utilities, and communication systems.

Public Capital Goods

Long-term assets used by the public sector to provide public services, like roads, schools, and hospitals.

Power Facilities

Infrastructure units that generate or distribute electricity, including power stations, substations, and transmission lines.

Brain Drain

The emigration of highly trained or intelligent people from a particular country.