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 * 1 point (a) Debt (b) Deposit (c) Credit (d) Collateral

Answer 1

Answer:

An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called credit agreement. As in this agreement the consideration is paid by the borrower later, generally with interest.

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Answer 2

Answer:

Credit

Explanation:

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