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:

Opportunity Cost

The cost of choosing one option over another, representing the benefits foregone from not choosing the next best alternative.

SUVs

Sport Utility Vehicles, a category of motor vehicles that combine elements of road-going passenger cars with features from off-road vehicles, like higher ground clearance and four-wheel drive.

Motorcycles

Two-wheeled vehicles powered by an engine, often used for transportation, recreation, or sport.

United States

A country located primarily in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.