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What Is Defined as Any Extension of Credit in Which

Question 34

Multiple Choice

What is defined as any extension of credit in which the creditor and the debtor both understand that a delay or failure in making repayment could result in the use of violence or other criminal means to cause the harm to the person,reputation,or property of the person?​


A) ​credit debt
B) ​loan shark debt
C) ​gambling debt
D) lender's fee

Correct Answer:

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