Loans for education and medical is classified as loans for

A. equilibrium goods

B. non-equilibrium goods

C. durable goods

D. non-durable goods

Answer: Option D

Solution(By Examveda Team)

Loans for education and medical is classified as loans for non-durable goods. Nondurable goods are products that are consumed or are only useable for a short period of time because they wear out or become useless. An example of nondurable goods are fresh vegetables.