English, asked by yashawinisingh, 2 months ago

define loan in economics

Answers

Answered by ojaswiverma97

17

Answer:

A loan is when money is given to another party in exchange for repayment of the loan principal amount plus interest. Loan terms are agreed to by each party before any money is advanced.

Answered by Palak16716

3

Answer:

A loan is when money is given to another party in exchange for repayment of the loan principal amount plus interest.

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