The loans for education and medical is classified as loans for _____________?
Correct answer: D. non-durable goods
- A. equilibrium goods
- B. non-equilibrium goods
- C. durable goods
- D. non-durable goods
Explanation
Education and medical expenses provide services that are consumed rather than lasting physical assets, so loans financing them are grouped with non-durable consumption goods. Durable-goods loans instead finance items such as vehicles or appliances.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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