A credit market instrument that provides the borrower with an amount of funds that must be repaid at the maturity date along with an interest payment is known as a
A)simple loan.
B)fixed-payment loan.
C)coupon bond.
D)discount bond.

Question

Quizplus · Accepted Answer

Simple loans require the borrower to repay the amount borrowed (the principal) plus an interest payment at the maturity date. Other options involve different structures of repayment or interest calculation.

A Credit Market Instrument That Provides the Borrower with an Amount