The proportion of a sum of money that is paid over a specified time period in payment for its loan is called:

Related MCQs

• An agreement between the owner of a property to grant use of it to another party for a specified period at specified rent payable annually is called:
• The measure of the total flow of goods and services produced by the economy over a specified time period, normally a year or a quarter is referred to as
• A non-negotiable order of a bank to a foreign bank authorizing payment to a person designated of a particular sum of money is known as:
• A sum of money or other property owed by one person or organization to another is called
• The borrowing of a sum of money by one person, company, government or other organization from another is called:
• A legal document between a lender and a borrower whereby the later agrees to certain conditions for the repayment of the sum of money borrowed; is called:
• A loan facility on the customer’s current account at a bank permitting him to withdraw up to a certain agreed limit for an agreed period, is referred to as:
• Rent is a factor payment paid to -
• An arrangement between a seller and buyer under which a period of credit is allowed before payment is called:
• The accumulation of idle money balances or inactive money is called: