Respuesta :
When approved for a loan, an individual essentially applied for aid in the area of (A) increasing (and financing) an immediate increase in cash flow.
What is a loan?
- A loan is a type of debt that an individual or other entity incurs.
- The lender, who is typically a corporation, financial institution, or government, lends money to the borrower.
- In exchange, the borrower agrees to a set of terms, which may include finance charges, interest, a payback date, and other conditions.
When approved for a loan, an individual essentially applied for aid in the area of:
- Every loan involves the distribution of money by a bank or a financial institution to a person or corporation in exchange for the latter returning said amount, plus an additional amount for interest, within a certain period and paying in full or through an installment plan.
- However, the immediate outcome of such a loan is an increase in the cash flow of the person who obtains said loan, which can be utilized to purchase products or services or to cover other eventual expenses.
Therefore, when approved for a loan, an individual essentially applied for aid in the area of (A) increasing (and financing) an immediate increase in cash flow.
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The complete question is given below:
When approved for a loan, an individual essentially applied for aid in the area of...
A. Increasing (and financing) immediate increase in cash flow.
B. limited liability
C. future educational services
D. protections and insurance
