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

Interest rate

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Collateral

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Documentation

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Lender's land

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Solution

The correct option is D Lender's land

1:Credit refers to a loan, an agreement in which the lender supplies the borrower with money, goods or services which is to be returned in future
2:Terms of credit include interest rate, collateral (security) and documentation related to the lending of money.

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The informal source of credit does not include which one of the following?

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