What Is a Long-Term Solution If You Are Having Trouble

question 55

Multiple Choice

What is a long-term solution if you are having trouble paying back your loan?

• A)Loan modification
• B)Reinstatement
• C)Forbearance
• D)A repayment plan

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Definitions:

Competitiveness

denotes the characteristic of striving to be more successful or superior, especially in a commercial or professional context.

Productivity

measures the efficiency of production of goods or services expressed as a ratio of output to inputs.

Promotes Innovation

Encourages or facilitates the introduction of new ideas, products, or methods, fostering a culture of creativity and advancement.

Inhibits Innovation

Refers to factors or mechanisms that obstruct or slow down the process of creating new ideas, products, or methods.