Question: Select the correct option: (1) __________ is the number of days, months, or years that the money is borrowed or invested. (a) Interest (b) Rate

Select the correct option:

(1) __________ is the number of days, months, or years that the money is borrowed or invested.

(a) Interest

(b) Rate

(c) Principal

(d) Time

(e) Mortgage

(2) __________ value is the amount of the loan plus the interest.

(a) Loan

(b) Maturity

(c) Initial

(d) Opening

(e) Mortgage

(3) The __________ interest rate is the lowest rate at which money is loaned to the most preferred borrowers.

(A) main

(b) Initial

(c) Prime

(d) Value

(e) Loan amount

(4) __________ time is based on counting 30 days in each month.

(a) Exact

(b) Preferred

(C) ordinary

(d) common

(e) Advanced

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