MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Terms of Credit

Which of the ...

Question

Which of the following are included in terms of credit?

A

Principal amount

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

B

Duration of loan

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

C

Reserve amount

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

D

Interest rate

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

Open in App

Solution

The correct option is D Interest rate
Terms of credit have elaborate details like the rate of interest, principal amount, collateral details, and duration of repayment. All these terms are fixed before the credit is given to a borrower.

Suggest Corrections

thumbs-up

28

Similar questions

Q. Which of the following does the terms of credit NOT include?

Q. What does the terms of credit include?

Q. Which source of credit includes the proper terms of credit and collateral?

Q. Which of the following is not included in credit exposure?

Q. Kisan Credit Card was launched by Indian Government to facilitate the short-term loan and cash delivery to farmers. Which one of the following agencies is not included in the operation of the Kisan Credit Cards?

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