Artificially favorable terms on a loan are referred to as:
Correct answer: C. concessionary terms
- A. interest relief
- B. microcredit
- C. concessionary terms
- D. conditional relief
Explanation
Concessionary or concessional terms make a loan more favourable than market terms, usually through a lower interest rate, longer maturity, or grace period. Microcredit refers to small-scale lending, not artificially favourable terms generally.
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Practise International Political Economy
97 free International Political Economy MCQs from International Relations, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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