what you know question 1 of 4 which of the following best describes a loan? a type of insurance coverage for…
what you know question 1 of 4 which of the following best describes a loan? 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
Brief Explanations:
A loan is a financial arrangement where a borrower gets money from a lender and is obligated to repay it, often with interest. Insurance coverage is for losses, a government - grant is a non - repayable sum, and a tax deduction is a reduction in taxable income.
Answer:
B. A borrower promises to repay money from a lender