MyQuestionIcon

4032

You visited us 4032 times! Enjoying our articles? Unlock Full Access!

Terms of Credit

The interest ...

Question

The interest rate, collateral documentation requirements, and the mode of repayment are known as ____________.

A

Credit creation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Terms of credit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Source of credit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Demand deposits

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Terms of credit

Suggest Corrections

thumbs-up

6

Similar questions

Q. Interest rate, collateral documentation requirements, and mode of repayment are known as terms of credit.

Q. Interest rate, collateral and documentation requirement and the mode of repayment together comprise, what is called the _____.

Q. The interest rate, mode of repayment, collateral, and documentation comprise the ________________.

Q. A loan is usually given for a specific duration of time and needs to be completely repaid by a specified date. The borrower repays the loan in cash, by cheque or by card in instalments, or as a one-time repayment, as specified in the mode of repayment. What are these specifics called?

Q. The fraud comes at a time when the unregulated microfinance industry is facing a crisis on its way of high-interest rates and low repayment of loans.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

17C12P23S01 720p UNC Basics of Communication Systems_1

ECONOMICS

Watch in App

explore_more_icon

Explore more

Terms of Credit

Standard IX Economics

Join BYJU'S Learning Program

CrossIcon