what you know\nquestion 1 of 4\nwhich of the following best describes a loan?\na type of insurance coverage…

what you know\nquestion 1 of 4\nwhich 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

what you know\nquestion 1 of 4\nwhich 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 when a borrower gets money from a lender and agrees to pay it back. Insurance coverage is for losses, a government - grant is free money for education, and a tax - deduction is related to reducing tax liability.

Answer:

B. A borrower promises to repay money from a lender