Multiple choice

Amortized loan means ____________.

  1. loan with scheduled periodic payments of both principal and interest

  2. government finances the banks to refinance the local money lenders

  3. giving huge loans to costumers by taking security

  4. not providing cash to costumers, but providing a loan in the form of goods

  5. loans given by RBI
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Yes, its the correct choice. An amortized loan means a loan with scheduled periodic payments of both principal and interest.

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