Question

1.

Answer 1

Question 1

The correct answer is: "barter".

Barter was the first type of trade agreement experienced by humans, which dates back to prehistoric periods.

Question 2

The correct answer is: "charge card"

A charge card is a mechanism for electronic payment that requires no interest payments but the holder has to pay the whole amount spent each month exactly on the due date.

Question 3

The correct answer is: "principal"

The principal of the loan is the amount of money borrowed. Usually, the repayment of a loan will involve both the payment of the principal plus the payment of the amount corresponding to the interests accrued. Those interests are calculated as a percentage of the principal or of the remaining unpaid amount of that principal.

Question 4

The correct answer is: "loan amount"

The Annual Percentage Rate (APR) is the total amount charged for a loan. It comprises the repayment of the principal, the interests accrued and any aditional fees charged for any transaction related to the loan.  

Question 5 INCOMPLETE

Answer 2

1.barter
2.charge card
3.principal
4.interest accrued
5. I do not understand the question