litzzy2003 litzzy2003
  • 28-02-2019
  • Social Studies
contestada

A loan extended to a person by a lender is called
A. A budget
B. Intrest
C. Credit
D. Stock

A loan extended to a person by a lender is called A A budget B Intrest C Credit D Stock class=

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cadenmmmmmmmmmmm cadenmmmmmmmmmmm
  • 28-02-2019
I believe the correct answer is B
Answer Link
mrsedlack
mrsedlack mrsedlack
  • 28-02-2019

Well, it's a bit of an awkwardly worded question but when a bank extends you a loan, they are extending you a line of Credit that you have to pay interest on (the banks way of making money).

So, the answer is C (Credit)

Answer Link

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