QUESTION IMAGE
Question
the amount of money borrowed from a bank for purchasing a property is called a
the percentage of the property price paid upfront by the buyer is known as the
a card allows individuals to borrow funds within a
pre - approved limit for purchases.
the cost associated with borrowing money, usually calculated as a percentage of
the principal, is called
the market is a collection of markets where stocks
are traded.
Brief Explanations
- For the first blank: A mortgage is a loan taken from a bank for property purchase.
- For the second blank: The down - payment is the upfront amount paid by the buyer as a percentage of the property price.
- For the third blank: A credit card allows borrowing within a pre - approved limit for purchases.
- For the fourth blank: Interest is the cost of borrowing money, calculated as a percentage of the principal.
- For the fifth blank: The stock market is where stocks are traded.
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mortgage, down - payment, credit, interest, stock