Business Studies

______ involve the gradual reduction of the principal amount owed until full repayment is made and the credit agreement ends.


ANSWER

Installment loans


SOLUTION
An installment loan is a type of loan that is repaid over time, mainly in two installments. Installation loans involve the gradual reduction of the principal amount owed until full repayment is made and the credit agreement ends.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 197
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Long-term financing is generally required for the acquisition of _________.
  • A. Current assets
  • B. Fixed assets
  • C. Fictitious asset
  • D. All of the above

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
American Depository Receipts (ADRs) are divided into __________ number of levels.
  • A. 1
  • B. 2
  • C. 3
  • D. 4
  • E. None of the above

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Rates of interest offered on public deposits are usually _________ than that offered on bank deposits.
  • A. Higher
  • B. Lower
  • C. Equal
  • D. Both a and b

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
In the company's balance sheet, debentures are shown under the head _____________.
  • A. Secured Loans
  • B. Non-Current Liabilities
  • C. Current Liabilities
  • D. Capital Employed

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
_________ can be defined as delay of payment permitted by the creditor or supplier of raw materials, consumables etc. against the goods purchased from him. 
  • A. Loan
  • B. Lease
  • C. Trade credit
  • D. None of the above

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer