Question

explain three terms of credit of class 10th

Answer 1

colletrol, mode of the payment, documentation required and rate of interest makes up the terms of credit .
Explationation -
colletrol - the assets kept as security for the loan withdrawn.
documentation - information of the borrower.
rate of interest - the amount og interest charged on the loan.



social science fan :)

Answer 2

Answer:

Interest rate, collateral ,documentation requirements and the mode of repayment together compromise terms of credit