Types of credit ngpf exam - Study guides, Class notes & Summaries

4A - Types of Credit NGPF Exam with Complete Solutions Credit ️️Any arrangement where you get "stuff" (money, goods, services), and agree to pay for it in the future Loan ️️An agreement where you are credited with a fixed amount (usually of money) for a fixed period of time, usually with interest Interest Rate ️️The percentage charged for the privilege of borrowing money Principal ️️The amount you borrow Term ️️The amount of time you have to repay your principal ...

Credit Ans: Any arrangement where you get "stuff" (money, goods, services), and agree to pay for it in the future Loan Ans: An agreement where you are credited with a fixed amount (usually of money) for a fixed period of time, usually with interest Interest Rate Ans: The percentage charged for the privilege of borrowing money Principal Ans: The amount you borrow Term Ans: The amount of time you have to repay your principal Collatera

4A - Types Of Credit NGPF Exam With Questions And Answers ...

Types of Credit (NGPF) Exam with Complete Solutions Credit ️️Any arrangement where you purchase products (money, goods, services), and agree to pay for it in the future Loan ️️An agreement where you are given a fixed amount of money for a fixed period of time that you must pay back, usually with interest Interest Rate ️️The percentage charged for the privilege of borrowing money Term ️️The amount of time you have to repay your principal Collateral ️️Something valua...