153k views
2 votes
A loan extended to a person by a lender is called

A. A budget
B. Intrest
C. Credit
D. Stock

A loan extended to a person by a lender is called A. A budget B. Intrest C. Credit-example-1
User Rjrapson
by
7.2k points

2 Answers

4 votes
I believe the correct answer is B
User Zsepi
by
7.0k points
4 votes

Well, it's a bit of an awkwardly worded question but when a bank extends you a loan, they are extending you a line of Credit that you have to pay interest on (the banks way of making money).

So, the answer is C (Credit)