Loans for cars and home appliances is classified as loans for
A. durable goods
B. non-durable goods
C. equilibrium goods
D. non-equilibrium goods
Answer: Option A
Solution(By Examveda Team)
Loans for cars and home appliances is classified as loans for durable goods. Durable goods are those goods that don't wear out quickly and last over a long period.This Question Belongs to Management >> International Finance And Treasury
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