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Pete wants a lone of $1,500. Which of these terms describes the money he wants to borrow? A. Principle B. Collateral C. Credit

Pete wants a lone of $1,500. Which of these terms describes the money he wants to borrow? A. Principle B. Collateral C. Credit
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5 votes
Pete wants a lone of $1,500. Which of these terms describes the money he wants to borrow?

A. Principle
B. Collateral
C. Credit

User Mick Knutson
by
7.7k points

2 Answers

1 vote

Principal refers to the size of a loan.


I believe, the answer would be Principal.

User Sondes
by
8.1k points
6 votes
Principle refers to the size of the loan.

So I believe Principle would be the right answer
User Jijo John
by
8.1k points
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