Choose the Word or Phrase in [ ] Which Will

question 25

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Borrowers are more likely to ask for a(n)[single payment | installment payment] consumer loan.

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Definitions:

Capital Accumulation

The process of acquiring additional assets, especially for investment purposes, leading to an increase in wealth over time.

Developing Countries

Nations with lower levels of industrialization, lower standard of living, and lower Human Development Index (HDI) ratings compared to developed countries.

Adult Illiteracy

The condition in which an adult lacks the basic reading and writing skills needed for managing daily living and employment tasks.

Infrastructure

Infrastructure represents the fundamental facilities and systems serving a country, city, or area, including transportation, communication, sewage, water, and electric systems.