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Classification of Credit

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Questions and Answers

What is the maturity period for short-term credit?

Five years or more

Less than one year (correct)

Between one to five years

Varies depending on the amount borrowed

Which type of credit is used for major investments like buying a house or starting a business?

Medium-term credit

Consumer credit

Commercial credit

Long-term credit (correct)

What is the main purpose of agricultural loans?

Financing the production and marketing of commodities

Facilitating personal purchases by individuals

Maximizing profits through efficient credit usage (correct)

Investing in long-term assets like machinery and equipment

Industrial credit is commonly used for financing which of the following?

Construction of factory buildings and purchase of machinery Signup and view all the answers

Which entity typically grants consumer credit to individuals for personal purchases?

Savings and loan associations for home loans Signup and view all the answers

What is the main function of banks as financial intermediaries?

Facilitating lending and borrowing processes Signup and view all the answers

Which financial intermediary primarily engages in peer-to-peer lending platforms?

Lending Investors Signup and view all the answers

What distinguishes pawnshops from other financial intermediaries?

Providing secured loans in exchange for collateral Signup and view all the answers

In what way do non-banking finance companies differ from banks?

Advancing loans at a very high rate of interest Signup and view all the answers

What kind of financial intermediary offers flexible, revolving credit accounts to businesses?

Banks Signup and view all the answers

Classification of Credit

Choose a study mode

Podcast

Questions and Answers

What is the maturity period for short-term credit?

Which type of credit is used for major investments like buying a house or starting a business?

What is the main purpose of agricultural loans?

Industrial credit is commonly used for financing which of the following?

Which entity typically grants consumer credit to individuals for personal purchases?

What is the main function of banks as financial intermediaries?

Which financial intermediary primarily engages in peer-to-peer lending platforms?

What distinguishes pawnshops from other financial intermediaries?

In what way do non-banking finance companies differ from banks?

What kind of financial intermediary offers flexible, revolving credit accounts to businesses?

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