Bank loans are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments. What these loans are called?
Correct answer B. Rescheduled loans
Tip: press A, B, C or D to answer, and N for the next question.
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More Basic of Economics questions
See allInterest that is calculated as a simple percentage of the original principal amount is called?
Correct answer D. Simple interest
Which of the following is a form of international reserve assets, created by IMF in 1967 whose value is based on a portfolio of widely used currencies?
Correct answer A. Special Drawing Right (SDR)
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What is called an additional levy added to some charge?
Correct answer D. Extra charges
What is called the difference in the value of a nation’s imports over exports or exports over imports?
Correct answer C. Both a & b
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