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Fill in the blanks choosing the correct option from the brackets. in the blanks choosing the correct option from the brackets. While taking a loan, borrowers look for easy terms of credit.

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Question

Fill in the blanks choosing the correct option from the brackets.

While taking a loan, borrowers look for easy terms of credit. This means ______ (low/high) interest rate, ______(easy/ tough) conditions for repayment, ______ (less/more) collateral and documentation requirements.

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Solution

While taking a loan, borrowers look for easy terms of credit. This means low (low/high) interest rate, easy (easy/tough) conditions for repayment, less (less/more) collateral and documentation requirements.

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Chapter 3: Money and Credit - Intext Questions [Page 45]

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NCERT Social Science Understanding Economic Development [English] Class 10
Chapter 3 Money and Credit
Intext Questions | Q 3. | Page 45
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