The principal of a loan is:
A) the original amount of the loan.
B) the set of rules and conditions borrowers agree to when taking out a loan.
C) the set of rules and conditions savers agree to when agreeing to letting someone borrow their money.
D) None of these is true.
Correct Answer:
Verified
Q18: In financial markets, sellers are people who:
A)
Q18: A bank allows us to diversify risk
Q21: In the market for loanable funds,the supply
Q24: If Nate takes out a $5,000 loan
Q25: In the market for loanable funds,the demand
Q26: The supply of loanable funds come from:
A)businesses.
B)individuals.
C)government.
D)Any
Q28: The price of borrowing is known as
Q31: The portion of income that is spent
Q35: Savings is considered the portion of income:
A)
Q35: The interest rate:
A) is the price of
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