which of the following best describes a loan?\na type of insurance coverage for unexpected losses\na…
which of the following best describes a loan?\na type of insurance coverage for unexpected losses\na borrower promises to repay money from a lender\na government grant for education\na tax deduction for mortgage interest payments
Answer
Brief Explanations:
A loan is a financial arrangement where a borrower takes money from a lender and has an obligation to repay it, often with interest. Insurance coverage is for losses, a government - grant is non - repayable, and a tax deduction is related to reducing tax liability, not a loan.
Answer:
A borrower promises to repay money from a lender