Question

Which one of the following is not terms of the credit

(a) Collateral (b) Interest rate

(c ) Mode of repayment (d) All of these​

Answer 1

Answer:

(d) All of these​

Explanation:

Terms of credit comprise interest rate, collateral and documentation requirement, and the mode of repayment.

Answer 2

Answer:

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:

Terms of credit includes: Interest rates, Collateral (security),Documentation related to lending money and The mode of repayment.

your answer is (d) All of these.

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