Question

Under which of the following type of guarantees, the banker guarantees payment of installments spread over a period?

A Financial Guarantee Correct Answer Incorrect Answer
B Deferred Payment Guarantee Correct Answer Incorrect Answer
C Performance Guarantee Correct Answer Incorrect Answer
D Injunction Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Under Deferred Payment Guarantee, the banker guarantees payment of installments spread over a period.

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