Which of the following statements is true? A) Out of two loans, the i
Which of the following statements is true?
A) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a larger principal.
B) Banks are the only financial institutions that lend money and do not accept deposits.
C) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a smaller principal.
D) Banks are the only financial institutions that do not lend money but accept deposits.
ANSWER
A
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.