Question
what is the name of a loan that is issued in return for the promise of being paid bacl the full amount plus the periodic interest?
A. CD
B. annuity
C. bond
A. CD
B. annuity
C. bond
Answers
GPT-4o mini
C. bond
A bond is a type of loan where the issuer promises to pay back the full amount (the principal) plus periodic interest to the bondholder.
A bond is a type of loan where the issuer promises to pay back the full amount (the principal) plus periodic interest to the bondholder.