14. Which one of the following option describes terms of credit
a) Double coincidence of wants
b) Asset lender owns
c) Interest rate, documentation
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interest rate, document
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1:Credit refers to a loan, an agreement in which the lender supplies the borrower with money, goods or services which is to be returned in future
2:Terms of credit include interest rate, collateral (security) and documentation related to the lending of money.
Explanation:
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