Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
If the principal is $1000, and the annual interest rate is 5%, what is the simple interest for 3 years?
If the principal is $1000, and the annual interest rate is 5%, what is the simple interest for 3 years?
- $200
- $150
- $100 (correct)
- $50
What is the primary role of a lender?
What is the primary role of a lender?
- To regulate the interest rates in the market
- To manage the financial assets of individuals
- To offer insurance to protect against default
- To provide funds to borrowers in exchange for interest (correct)
What is the main source of income for a lender?
What is the main source of income for a lender?
- Stock market investments
- Interest earned on the funds provided to borrowers (correct)
- Real estate transactions
- Government subsidies
What is a common risk faced by lenders?
What is a common risk faced by lenders?
Signup and view all the answers
Flashcards are hidden until you start studying
