Question 1 1. the price paid for using money is called ____________.


QUESTION 1

1.The worth remunerated for using coin is designated ____________.

principal

rate

interest

loan

10 points   

QUESTION 2

1._________ cause applies when cause for each year is installed on the sum of the mortgage or siege.

Compound

Simple

Linear

Quadratic

10 points   

QUESTION 3

1._________ cause most frequently applies to savings accounts, installment mortgages, and merit cards and is installed on the accumulated sum.

Compound

Simple

Linear

Quadratic

10 points   

QUESTION 4

1.________ is the sum of coin adventitious or invested.

Interest

Principal

Principle

Rate

10 points   

QUESTION 5

1.__________ is the percent of the leading remunerated as cause per duration era.

Principal

Interest

Rate

Principle

10 points   

QUESTION 6

1.________ is the enumeobjurgate of days, months, or years that the coin is adventitious or invested.

Rate

Principal

Time

Mortgage

10 points   

QUESTION 7

1._________ prize is the sum of the mortgage plus the cause.

Loan

Maturity

Initial

Opening

10 points   

QUESTION 8

1.The ________ cause objurgate is the smallest objurgate at which coin is mortgageed to the most preferred borrowers.

main

initial

prime

value

10 points   

QUESTION 9

1.________ duration is installed on counting 30 days in each month.

Exact

Preferred

Ordinary

Common

10 points   

QUESTION 10

1.________ duration is installed on counting the real enumeobjurgate of days in a duration era.

Exact

Ordinary

Latent

Preferred

10 points