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Questions and Answers
What does 'interest on the remaining amount' refer to?
What does 'interest on the remaining amount' refer to?
- Interest on the full loan amount
- Interest on the paid loan amount
- Penalty fee for early payment
- Interest on the remaining loan amount after a payment (correct)
Which banking product/service limits depositors to zero withdrawals?
Which banking product/service limits depositors to zero withdrawals?
- Certificate of Deposit (correct)
- Credit card
- Savings account
- Transaction account
What is not a factor to consider when assessing credit worthiness for an unsecured loan?
What is not a factor to consider when assessing credit worthiness for an unsecured loan?
- Credit history
- Repayment history
- The collateral value (correct)
- Credit score
Which financial institution specializes in capital market’s activities and advisory services?
Which financial institution specializes in capital market’s activities and advisory services?
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Which activity is not classified as an investment banking service?
Which activity is not classified as an investment banking service?
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