The arrengement in which entire amount of borrowing is credited to the current account of the borrower or realised in cash is called as_________ | Faculties

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Priyanka Tomar

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📊 Financial Management

Q. The arrengement in which entire amount of borrowing is credited to the current account of the borrower or realised in cash is called as_________

(A) letter of credit
(B) bank overdraft
(C) loan
(D) bill discounting

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✅ Correct Answer: (C) loan

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