When Giving an Unsecured Loan,what Might a Bank Require

question 81

Essay

When giving an unsecured loan,what might a bank require?

---

Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicating improvements in living standards and economic health.

Import Substitution

An economic policy aimed at reducing dependency on imported goods by encouraging the domestic production of these goods.

Capital-intensive Production

A production process that requires a higher proportion of capital, such as machinery and equipment, in comparison to labor, to produce goods and services.

School Attendance

The act of being present at an educational institution during scheduled classes or activities, often monitored for legal or policy requirements.