litzzy2003 litzzy2003

28-02-2019
Social Studies

contestada

A loan extended to a person by a lender is called
A. A budget
B. Intrest
C. Credit
D. Stock

A loan extended to a person by a lender is called A A budget B Intrest C Credit D Stock class=

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cadenmmmmmmmmmmm cadenmmmmmmmmmmm

28-02-2019

I believe the correct answer is B

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mrsedlack mrsedlack

28-02-2019

Well, it's a bit of an awkwardly worded question but when a bank extends you a loan, they are extending you a line of Credit that you have to pay interest on (the banks way of making money).

So, the answer is C (Credit)

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