question 1 of 8\nwhich of the following best describes a loan?\nselect a response.\na type of insurance…

question 1 of 8\nwhich of the following best describes a loan?\nselect a response.\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

question 1 of 8\nwhich of the following best describes a loan?\nselect a response.\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

Answer:

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. The other options describe insurance, grants, and tax - related concepts, not loans.