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CTP · Question #89

(Topic 1) interest and principal, the loan is often referred to as a:

The correct answer is A. single payment note.. See the full explanation below for the reasoning.

Question

  • (Topic 1)

interest and principal, the loan is often referred to as a:

Options

  • Asingle payment note.
  • Bmaterial payment note.
  • Cballoon payment note.
  • Dcommercial note.

How the community answered

(38 responses)
  • A
    76% (29)
  • B
    13% (5)
  • C
    8% (3)
  • D
    3% (1)

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