Which of the Following Is NOT an Exception to the National

question 30

Multiple Choice

Which of the following is NOT an exception to the National Credit Code?

• A) Loans to natural persons for investment purposes.
• B) Payment of insurance premiums by instalments.
• C) Short term loans.
• D) A housing loan.

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Definitions:

Elastic

Describes a situation where the quantity demanded or supplied of a good or service significantly changes in response to a change in price.

Price Elasticity of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good, with higher elasticity indicating greater responsiveness.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

"Just Say No"

A slogan popularized during the Reagan administration to discourage children and teens from engaging in illegal drug use.