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Question

Easy term of credit includes _____ .

A
high rate of interest
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B
lesser number of collateral
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C
higher number of documents
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D
steep condition of repayment
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Solution

The correct option is D steep condition of repayment
Easy term of credit includes steep condition of repayment.
Tougher terms of credit include higher rates of interest, collateral security and more number of documents related to loan.

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