which of the following best describes a loan? select a response. a type of insurance coverage for unexpected…

which of the following best describes a loan? select a response. a type of insurance coverage for unexpected losses a borrower promises to repay money from a lender a government grant for education a tax deduction for mortgage interest payments

which of the following best describes a loan? select a response. a type of insurance coverage for unexpected losses a borrower promises to repay money from a lender a government grant for education a tax deduction for mortgage interest payments

Answer

Answer:

B. A borrower promises to repay money from a lender

Brief Explanations:

A loan is a financial arrangement where a borrower gets money from a lender with an obligation to repay it, often with interest. Options A, C, and D do not define a loan. Option A is about insurance, C is a grant, and D is a tax - related concept.