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An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called ______. -

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Question

An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called ______.

Options

  • Loans

  • Debt

  • Credit

  • All the above

MCQ
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Solution

An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called credit.

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