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

asked Jun 15, 2020 62.3k views

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

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1 vote

Principal refers to the size of a loan.

I believe, the answer would be Principal.

Sondes answered Jun 16, 2020

5.8k points

6 votes

Principle refers to the size of the loan.

So I believe Principle would be the right answer

Jijo John answered Jun 22, 2020

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