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A loan repaid in two or more instalments involves a:
APartial payment
BPartner payment
CPassive payment
DPatient payment
Answer & Solution
Correct answer: A. Partial payment
1. Houses, cars and pools are given as examples.
2. Each instalment settles only part of the debt.
3. Each is a partial payment.
_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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