Question
In the following questions, out of the four
alternatives, choose the one which best expresses the meaning of the given word as your answer. ECONOMICALÂSolution
Economical: providing good service or value in relation to the amount of time or money spent. (a) Extravagant: spending a lot more money than is necessary. (b) Lavish: large in amount, impressive and costing a lot of money. (c) Thrifty: careful about spending money and not wasting things; frugal. (d) Stingy: not generous, especially with money.
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Which of the following is not true about Term Loans?
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