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Write Short Note On: Long Term Loans - Economics

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Question

Write short note on:

Long term loans 

Answer in Brief

Solution

These are the loans provided by the commercial banks to the borrowers for a period of more than 5 years. The rate of interest charged on this kind of loan is the highest as compared to short term and medium term loans. These are taken for the purposes of buying buildings, plants and machinery etc.

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Chapter 12: Commercial Banking - Exercise 3 [Page 110]

APPEARS IN

Micheal Vaz Economics [English] 12 Standard HSC
Chapter 12 Commercial Banking
Exercise 3 | Q 2.4 | Page 110

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