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Questions and Answers
What is the cost of borrowing money, expressed as a percentage of the loan amount?
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?
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?
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?
Which law protects housing tenants against unreasonable rent increases in the Philippines?
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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?
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?
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