In which of the following cases must the borrower pay back the loan with his/her own savings?

Private debt

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Individual debt

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Public debt

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Society debt

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Solution

The correct option is A
Private debt

The borrower has to repay the loan out of his/her own savings in the case of private debt.

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In which of the following cases must the borrower pay back the loan with his/her own savings?

The correct option is A Private debt The borrower has to repay the loan out of his/her own savings in the case of private debt.

The correct option is A
Private debt

The borrower has to repay the loan out of his/her own savings in the case of private debt.