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    Exam 10: Banking and Financial Services: A Compilation of Questions
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    When a Banks Make an Advance to Lump Sum, the Whole
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When a Banks Make an Advance to Lump Sum, the Whole

Question 20

Question 20

Multiple Choice

When a banks make an advance to lump sum, the whole of which is withdrawn in cashimmediately by the borrowers who undertakes to repaid it in installments, it is called


A) Cash credit
B) loan
C) Home loan
D) Personal loan

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