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    5. An agreement in which the lender supplies the borrower with money, goods or services in return for t

    Question

    An agreement in which the lender supplies the borrower

    with money, goods or services in return for the promise of future payment refers to
    A Debt Correct Answer Incorrect Answer
    B Deposit Correct Answer Incorrect Answer
    C Credit Correct Answer Incorrect Answer
    D Collateral Correct Answer Incorrect Answer
    E Debit Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next
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