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Questions and Answers
What is the maturity period for short-term credit?
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?
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?
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?
Industrial credit is commonly used for financing which of the following?
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Which entity typically grants consumer credit to individuals for personal purchases?
Which entity typically grants consumer credit to individuals for personal purchases?
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What is the main function of banks as financial intermediaries?
What is the main function of banks as financial intermediaries?
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Which financial intermediary primarily engages in peer-to-peer lending platforms?
Which financial intermediary primarily engages in peer-to-peer lending platforms?
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What distinguishes pawnshops from other financial intermediaries?
What distinguishes pawnshops from other financial intermediaries?
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In what way do non-banking finance companies differ from banks?
In what way do non-banking finance companies differ from banks?
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What kind of financial intermediary offers flexible, revolving credit accounts to businesses?
What kind of financial intermediary offers flexible, revolving credit accounts to businesses?
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