Interest Rates Quiz
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Questions and Answers

What is the cost of borrowing money, expressed as a percentage of the loan amount?

  • Fixed Interest Rate
  • Prime Interest Rate
  • Variable Interest Rate
  • Compound Interest Rate (correct)
  • What type of interest remains constant throughout the loan term?

  • Discounted Interest Rate
  • Annual Percentage Rate (correct)
  • Simple Interest Rate
  • Compound Interest Rate
  • In the context of rentals, what is the price paid for the use of the original and destructible powers of the soil?

  • Minimum Wage Law
  • Interest Rate
  • Landlord (correct)
  • Rent Control Act
  • Which law protects housing tenants against unreasonable rent increases in the Philippines?

    <p>Rent Control Act of 2009</p> Signup and view all the answers

    Under which law does the Civil Code of the Philippines have lease provisions that cover rentals above 10,000 and those not covered by the Rent Control Act, including commercial spaces and rent-to-own units?

    <p>R.A 602 or the Minimum Wage Law</p> Signup and view all the answers

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