Amortization refers to the process of______.

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问题 Amortization refers to the process of______.

选项 A、collecting on overdue mortgages
B、replacing worn-out physical capital with new equipment
C、gradually repaying the principal on a mortgage
D、replacing common stock with preferred stock

答案C

解析 答案为C项。amortization“分期偿还”,是指抵押贷款中逐渐归还本金的过程。故本题选C项。
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