Practicing Success
Which of the following refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment? |
Deposit Loan Cash reserves Liquidity reserves |
Loan |
A large number of transactions in our day-to-day activities involve credit in some form or the other. Credit (loan) refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. |