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Which of the following is an example of loans
OA. A funny story
OB. An emotional narrative
OC. A list of facts
D. An sult to the reader
An insult

Sagot :

Final answer:

A loan involves one party lending money or property to another party with the expectation of repayment with interest. It is a formal contract detailing the terms of the borrowing arrangement.


Explanation:

A loan is a type of financial arrangement where one party gives money or property to another party in exchange for repayment with interest. It is a formal contract that outlines the amount borrowed, the interest rate, and the repayment terms.

For example, if you go to a bank and borrow $1,000 to be repaid in a year, that would be considered a loan. The bank provides you with the money, and you agree to pay it back with interest over a specified period.

Loans are common in various settings, such as personal loans, student loans, mortgages, and business loans.


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