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13 August, 17:53

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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Answers (2)
  1. 13 August, 18:28
    0
    Principle refers to the size of the loan.

    So I believe Principle would be the right answer
  2. 13 August, 19:24
    0
    Principal refers to the size of a loan.

    I believe, the answer would be Principal.
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