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class 10 economics chapter 3 solutions



class 10 economics chapter 3 solutions

The terms of credit vary substantially from one credit arrangement to another. Can you explain this statement? 27. We will see the development in terms of three sectors, primary, secondary and tertiary sectors. (c) Who are in need of these fluids (b) For exchange of goods Question 19. (d) None of the above. NCERT Solutions for Class 10 Social Science Economics Chapter 3 in the PDF format are created by the best teachers. Most loans from informal lenders carry a very high interest rate and do little to: No individual in India can: 25. Read the best answers to sore high in your school and board examinations. (a) Do not get a loan Students can download these NCERT Solutions for Class 10 Economics Chapter 3 from here for free of cost. (a) Single coincidence of wants We’ll revert back to you soon. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions. Everyone prefers to receive payments in: (d) Money. (d) Reserve Bank of India. (a) For exchange of commodities. Activity 2,3 solution of class 10 th economics chapter 1 2 See answers enjoy11 enjoy11 The answers to Activity-2 of chapter-1 (Development) are as follows: a. NCERT CBSE latest book edition solutions. If you have any query regarding NCERT Solutions for Class 10 Social Science Economics Chapter 3 Money and Credit, drop a comment below and we will get back to you at the earliest. It is the main source of income of banks. In India, the Reserve Bank of India issues currency notes on behalf of the state government. 3. This is also known as a debt-trap. 2. (b) Commercial Bank of India Modern form of money include cheques and drafts. By practicing Class 10 Economics Chapter 3 MCQ with Answers, you can score well in the exam. (b) Give a silver coin in return Answer: (b) A much higher interest on loans Question 7. Loans from informal lenders do a little to increase the income of the borrowers because their rates are high. Banks use the major portion of the deposits: How do banks mediate between those who have surplus money and those who need money? (а) Cash books CBSE Notes. 11. The NCERT Solutions for Class 10 Economics Chapter 3 is the simplest form of this Chapter that covers every topic. Chapter 1: Development. Answer: (а) Cheque Answer: (d) Money Banks use the major portion of the deposits to extend ……………………… . (d) Collateral. (c) Lack of collateral (a) Payment Answer: (b) The poor can benefit from the cheaper loans Property, deposits with banks, livestock are some examples of security used for lending. (a) Why might banks be unwilling to lend to small farmers? Answer: (c) To extend loans Question 9. Next Prev Home. Answer: (d) Reserve Bank of India Download Class 10 SST Economics Chapter 3 MCQ in PDF format from the below access links and start practicing on a regular basis for better subject knowledge. Download NCERT Solutions for Class 10 Economics, Get free Class 10 Economics solutions for questions for all chapters in Class 10 Economics solved by best teachers as per latest NCERT (CBSE) book syllabus and guidelines. Question 24. (d) None of the above. To a condition which is very painful. It is for crop production. (d) None of the above. (c) Self Happy Groups Cheap and affordable credit is crucial for the ……………………… development. In India, about 80 per cent of farmers are small farmers, who need credit for cultivation. Collateral is the security which lenders demand against loans. In the Economics Class 10 Money and Credit Chapter, you will gain a deeper understanding of how money has evolved and how different forms of currency came into existence. NCERT Solutions 2021 for Class 10 Pdf Chapter Wise Helps Students Prepare and eventually adjust to the Increased load of Chapters and Topics, by Clearing their Doubts from the very basics.NCERT Solutions 2021 for Class 9 Providing the Download Latest 2nd class Edition, you can Download NCERT Class 9 Solutions 2021 . Answer: (b) Coins and paper notes Banks mediate between those who are in need of money with those who do not want money. are not examples of collateral. 16. (c) Increase the income of the borrowers NCERT Solutions for Class 10th: Ch 3 Money and Credit Economics Social Studies (S.St) Page No: 52 Excercises 1. In early ages, Indians used grains and cattle as: (c) Formal loans Question 8. 13. Question 5. Besides, it contains all the solved exercises and question/answer of … What is written on top? 1. 10… ……………………… may vary depending on the nature of the lender and the borrower. NCERT Solutions for Class 10 Economics Chapter 3 – Money and Credit. (d) Informal loan. (c) Payment slip (d) None of the above. In situations with high risks, credit might create further problems for the borrower. NCERT Solutions Class 10 Social Science Economics Chapter 3 Money And Credit. Class … (а) Mixed loans (d) None of the above. (c) To extend loans NCERT Solutions for class 10 Maths Chapter 3 Exercise 3.3 (Class 10 Ex. (a) The rate of interest When both parties agree to sell and buy each others commodities it is known as: What is the basic idea behind the SHGs for the poor? Answer: (c) The main source of income of banks You can also verify your answers from our provided Money and Credit Class 10 MCQs Questions with Answers. Answer: (d) Informal loans Explain with an example of your own. 22. In rural areas, the main demand for credit is for: No individual or organisation is allowed to issue ……………………… . Loans from moneylenders, traders, employers, relatives and friends are called: Banks in India these days hold about 15 percent of their deposits in cash. 18. (c) Crop production Explain. Appearing Students of Class 10 Exams can download MCQ on Money and Credit Class 10 with Answers from here. Banks also pay an interest rate on the deposits. (b) What are the other sources from which the small farmers can borrow? The RBI issues currency. (b) Debt 29. Overview of NCERT Solution Class 10 Economics Chapters. 24. Credit never helps to increase earnings. NCERT Book Solutions For Class 10 Economics Understanding Economics Development Chapter 3 Money And Credit. 6. Answer: (a) Legally refuse a payment made in rupees Taking credit involves an interest rate on the loan and if this is not paid back, … (a) For constructing (d) None of the above. What a person desires to sell is exactly what the other wishes to buy. Digital NCERT Books Class 10 Economics pdf are always handy to use when you do not have access to … Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called: Explain? For a farmer, the failure of the crop makes loan repayment impossible. Question 6. 3. It is called double coincidence of wants. (b) Informal sources Answer: (c) Of exchange in The deposits are called demand deposits. 3. Banks accept deposits and also pay an interest rate on the deposits. (d) Suggest some ways by which small farmers can get cheap credit. The SHGs help borrowers overcome the problem of lack of collateral. Banks use the major portion of the deposits to extend loans. 4. Question 14. (ii) __________costs of borrowing increase the debt-burden. Question 11. 9. Demand deposits share the essential features of ……………………… . You can view all the answers explained in Video Format free, which are updated for new academic session 2020-21. Understanding Economic Development. or own an. The modem forms of money are closely linked to the working of the modern banking system. If you have any query regarding NCERT Solutions for Class 10 Social Science Economics Chapter 1 Development, drop a comment below and we will get back to you at the earliest. Become our. 8. About 85 percent of the loans taken by poor households in the urban areas are from: (iii) __________issues currency notes on behalf of the Central Government. A ……………………… is a paper, instructing the bank to pay a specific amount from the person’s account to the person in whose name it has been made. (d) None of the above. Question-1 Describe how the poverty line is estimated in India. CBSE Class 10 Economics Get sample papers, syllabus, textbook solutions, revision notes, test, previous year question papers & videos lectures online for CBSE Class 10 Economics on TopperLearning. The modern currency is without any use of its own. View Notes × Class 10 Economics Chapter … No individual in India can legally refuse a payment made in rupees. 28. Students who are searching for NCERT MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers Pdf free download are compiled here to get good practice on all fundamentals. ……………………… refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. On this page, we have provided Economics Chapter 3 Class 10 NCERT Solutions. (b) Credit factor Answer: (b) Double coincidence of wants Question 21. (b) Cash balance Banks use the major portion of the deposits to extend loans. (а) Who have fixed deposits Land, building, vehicle, live stocks etc. (b) Tilling In situations with high risks, credit might create further problems for the borrower. NCERT Economics Books Download NCERT Economics Class 12, 11, 10, 9, 8, 7, 6 Books in English and Hindi Medium NCERT Economics Books (c) Have to pay a heavy price for borrowing 8. (c) Draft Why is this necessary? All the Class 10 History Exercise questions has been solved by expert and explained in … (c) Cash register CBSE School Educational Study Material. (a) Loans (b) Never equal (c) Legally refuse a payment made by draft Analyse the role of credit for development. So, to capture this element for students, this chapter has been added in Class 10 Economics. NCERT Solutions Class 10 Social Science Economics Chapter 4 Globalisation And Indian Economy. Money is something that can act as a medium: There is a huge demand for loans for various economic activities. Use of Lucidly Clear Language. It is called a cheque. You will learn about credit such as types of credit, credit terms etc. Answer: (b) Cash balance (c) Mixed sources What are the reasons why the banks might not be willing to lend to certain borrowers? Answer In situations with high risks, credit might create further problems for the borrower. (d) All the above. (c) The country’s development Question 17. (c) Industrial Bank of India In what ways does the Reserve Bank of India supervise the functions of Banks? Then, you are at the correct place. (a) Smart deposit (d) None of the above. (b) A much higher interest on loans Studyrankers is a free educational platform for cbse k-12 students. Solution: A common method used to measure poverty is based on income or consumption levels. Answer: (d) Pay an interest rate on (b) Get loan at a much less interest (b) Legally refuse a payment made by cheque Banks mediate between those who have surplus funds and those: Also, you can download these (d) All the above. All are terms of credit. (d) All the above. (b) Education (c) Of exchange in transactions 1. The history of money and how various forms were used at different times is explained in this chapter. Question 23. 20. Credit plays a vital and positive role in an individual’s life. 5. Easy to print and read. Download here the NCERT solutions for class 10 Economics Chapter 5 in PDF. By practicing Class 10 Economics Chapter 3 MCQ with Answers, you can score well in the exam. Question 1. NCERT Solutions for Class 10 Social Science Economics. Question 16. Download NCERT Solutions for Class 10 Economics - Understanding Economic Development textbook in form of chapter-wise PDF. With their years of experience, they have answered the questions in the right format. (c) Credit Explain. Banks keep a large proportion of their deposits as cash for themselves. (d) None of the above. Economics is one of the most scoring subjects of Social Science. (b) Who have gold ornaments Modem form of money includes paper notes and ……………………… . (d) All the above. NCERT Solutions for Class 10 Social Economics Chapter 3 Money and Credit. Contact. In a barter system, goods are indirectly exchanged with the use of money. Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called ……………………… deposits. 19. 1. (b) Food Question 27. 11. (b) Coins and paper notes Chapter 3; Chapter 4; Chapter 5; NCERT Books Class 10 Economics PDF for free download. (a) Do anything for the poor NCERT Solutions for class 10 Social Science solved by subject matter experts. They are called informal loans. In Economics Class 10 textbook, we will see the process of development in the Indian economy. Question 20. Students can find the answers to all these … 14. (c) The women can benefit from the cheaper loans In view of the coronavirus pandemic, we are making LIVE CLASSES and VIDEO CLASSES completely FREE to prevent interruption in studies The literacy rate for all age groups, including young and old, is __52%___ for rural males and _19%____ for rural females. (b) Double coincidence of wants Bookmark added to your notes. The difference between what is charged from borrowers and what is paid to depositors is: So, go through these notes to understand these topics in-depth. CBSE Previous Year Question Paper for Class 10, CBSE Previous Year Question Paper for Class 12. 10. (b) Cheque NCERT Solutions for Class 10 Economics Textbook. Credit sometimes, pushes the borrower to a situation from which recovery is: 3.3) pair of linear equations in two variables in Hindi Medium and English Medium. 15. The full form of SHG is: 30. 1. Students who are in class 10th or preparing for any exam which is based on Class 10 Economics can refer to NCERT Economics Book for their preparation. (b) Cheque 10. (c) Cheques and pass book Sometimes, farmer’s in order to pay loan have to sell a portion of their land. Students can Download Economics Chapter 1 Development Questions and Answers, Notes Pdf, KSEEB SSLC Class 10 Social Science Solutions helps you to revise the complete Karnataka State Board Syllabus and score more marks in your examinations. Answer: (d) Collateral (а) Cheque 23. Credit pushes the borrower into a situation from which recovery is very painful. The ……………………… currency is without any use of its own. Question 22. (b) Term loans (b) The development of rural areas NCERT Solution For Class 10 Economics Social science Chapter 1- Development Chapter 2- Sectors of the Indian Economy Chapter 3- Money and Credit (a) Formal sources (a) House loan Look at a 10 rupee note. In the second half of the chapter, you will know about credit and how it impacts borrowers, depending upon the situation. (c) Draft Download NCERT Chapters and Books in pdf format. So that the poor people can benefit from the cheaper loans. You can have a look at the summary of each chapter below. CBSE Class 10 Economics Chapter 4 Globalisation and Indian Economy PDF Download is available here. 6. For the country’s development. It is important that the formal credit is distributed more equally so that: There are various terms in Money and Credit, which are difficult to understand without guidance. NCERT Solutions for Class 10. Which of the following banks issues currency notes on behalf of the Central government to: Chapter 1: Development Chapter 2: Sectors Of The Indian Economy Chapter 3: Money And Credit Chapter 4: Globalisation And The Indian Economy Chapter 5: Consumer Rights Class 10 Economics NCERT Solutions PDF for free download. Question 25. Question 26. On what basis will Manav decide whether to borrow from the bank or the moneylender? (iv) Banks charge a higher interest rate on loans than what they offer on __________. We hope the NCERT Solutions for Class 10 Social Science Economics Chapter 3 Money and Credit help you. (b) Hard (а) Station House Guard (a) Mixed loans Copies of these textbooks may be … This chapter helps you understand the idea of development for a nation’s growth. (c) Terms of loan (d) All the above, Question 30. (c) Give a cheque book Question 18. Here, we have provided NCERT Solutions for Class 10 Economics chapterwise that can help you while preparing your own answers. The difference between what is charged from borrowers and what is paid to depositors is the main source of income of banks. Question 10. (а) The development of urban areas (c) Explain with an example how the terms of credit can be unfavourable for the small farmer. Discuss. (v) __________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender. (b) The poor can benefit from the cheaper loans 15. Reader Interactions . (a) A less interest on loans The RBI monitors the banks are actually maintaining: (c) Can be both (a) and (b) (d) None of the above. Answer: (c) Lack of collateral Answer: (c) Increase the income of the borrowers (a) Give a gold coin in return (d) None of the above. Why do we need to expand formal sources of credit in India? Explain in your own words. (b) Quick deposits 2. With the class 10 NCERT solutions, the quality of the study materials is being effectively maintained. 1800-212-7858 / 9372462318. Free downloadable chapter wise NCERT solutions for class 10 Social Science in PDF format to help students in homework and score good marks in test and exams. Repayment of the loan is crucially dependent on the ……………………… from farming. (b) As fixed deposits So, ace up your preparation with MCQ of Chapter 3 Economics Objective Questions. A large number of transactions m our day-to-day activities involve debt in some form or the other. 6. Answer: (c) Have to pay a heavy price for borrowing (a) Grains and cattle Answer: (c) Who are in need of these fluids 10. (а) Lack of funds Money is a fascinating subject and children are full of curiosity towards the topic. So, refer ncert.nic.in Solutions Class 10 Economics Chater 3 and score well in CBSE Board Exams. Farmers usually take crop loans at the beginning of the season and repay the loan after: Farmers usually take crop loans at the beginning of the season and repay the loan after ……………………… . (d) None of the above. Grains and cattle were used as money. Answer: (b) Informal sources (a) Legally refuse a payment made in rupees 5. Answer: (c) Crop production These NCERT Solutions for Consumer Rights are the best for quick and active learning of the concepts. (d) All the above, Question 2. Interest rate, security and documentation requirement, and the mode of repayment together comprise what is called the: The rich households are availing cheap credit from formal lenders whereas the poor households: 9. (а) Easy The use of ……………………… spans a very large part of our everyday life. 8. NCERT Book for Class 10 Social Science Economics Chapter 3 Money and Credit is available for reading or download on this page. 13. Your email address will not … Cheap and affordable credit is crucial for: 21. 10th Class Maths CBSE Solutions are in PDF format and Videos format. Use the above-provided NCERT MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers Pdf free download and get a good grip on the fundamentals of real numbers topic. (d) Terms of credit. (b) Term loans The poor households do not have papers and thus, have to pay a heavy price for borrowing. Education Franchise × Contact Us. The SHGs help borrowers overcome the problem of: 7. (d) None of the above. Most of the informal lenders charge a much higher interest on loans. … Question 13. Banks accept the deposits of the customers and also: (c) Formal loans (c) Harvesting Sometimes lenders demand against loan: 7. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving … If the borrower fails to repay the loan the lender has the right to sell the asset. Contact us on below numbers. The chapter has total 13 questions, out of which first 3 are of objective type, and the remaining 10 are descriptive. Question 3. 12. Also, it the most scoring subject if you are able to clutch the content of the Chapter. Question 12. Prepared by the experts of Meritnation.com, both subjective and MCQ type questions along with their answers and solutions are being provided in the class 10 NCERT Solutions keeping in mind the exact requirement of the class 10 students. Most of the informal lenders charge: Money is something that can act as a medium of exchange in transactions. Answer: (a) Money Economics Class 9 Ncert Solutions Chapter 3 Poverty as a challenge. 3. The other form in which people hold money is as grains and cattle. (c) Coincidence of wants (b) Draft Land, building, vehicle, livestock, etc. Karnataka State Syllabus Class 10 Social Science Economics Chapter 1 Development Answer: (c) Formal loans Know your preparation level on MCQ Questions for Class 10 Social Science with Answers. Luckily, the Ch 3 Economics Class 10 NCERT Solutions … transactions Download NCERT Solutions for Class 10 Economics Chapter 4 for free here. 7. Question 4. Since, money acts as an intermediate in the exchange process, it is called a medium of exchange. Moreover, they will also understand how modern forms of money … There are 13 questions in this chapter. Leave a Reply Cancel reply. Page 52: Question 1: In situations with high risks, credit might create further problems for the borrower. Are from informal sources, because they do not have the required documents. In CBSE Notes Class 10 Economics Chapter 3 – Money and Credit, you will learn modern forms of money and how they are linked with the banking system. A paper, instructing the bank to pay a specific amount to the person in whose name the paper has been made is called a: 17. 14. Study Material and Notes of Ch 3 Money and Credit Class 10th Economics. NCERT Solutions for Class 10 Social Science Economics × Sorry!, This page is not available for now to bookmark. Modern forms of currency includes: They are called formal loans. Those who are in need of funds. (a) Loan factor Class 6 CBSE Notes PDF Class 7 CBSE Notes PDF Class 8 CBSE Notes PDF Class 9 CBSE Notes PDF Class 10 CBSE Notes PDF Class 11 CBSE Notes PDF Class 12 CBSE Notes PDF. Answer: (c) Very painful 4. Educational Study Material. (c) Demand deposits The RBI monitors the banks are actually maintaining cash balance. (c) The main source of income of banks (b) State Housing Guarantee 9. 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Download Class 10 SST Economics Chapter 3 MCQ in PDF format from the below access links and start practicing on a regular basis for better subject knowledge. NCERT Class 10 Economics Money And Credit. NCERT Books. Access free Social Science (SST) Class 10 Understanding Economic Development – II NCERT Solutions on LearnCBSE.in. Visit to discussion forum to ask more questions related to curriculum or solutions. Need any support from our end during the preparation of Money and Credit Class 10 MCQs Multiple Choice Questions with Answers then leave your comments below. 2. (a) Goods NCERT Solutions for Class 10 Economics Chapter 3: Money and Credit. Answer: (d) Self Help Groups Here on AglaSem Schools, you can access to NCERT Book Solutions in free pdf for Social Science Economics for Class 10 so that you can refer them as and when required. An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called: (i) Majority of the credit needs of the __________households are met from informal sources. Question 28. The Economics chapter wise exercise questions with solutions will help you to complete your class work, revise important concepts and get higher marks in Class 10 exams. How does money solve the problem of double coincidence of wants? (a) Sowing It is Self Help Groups. Money acts as a medium of exchange in transactions. (b) Pay the loans the deposits Answer: (d) Terms of credit 11. (b) Lack of money Filed Under: CBSE Class 10. (d) None of the above. MCQ Questions for Class 10 Social Science with Answers. It includes coins and paper notes. No individual in India can legally refuse a payment made in rupees. (d) Pay an interest rate on the deposits. The ……………………… lender include moneylenders, trader relatives, friends, etc. (a) Money (c) Public property (d) Self Help Groups. (d) None of the above. Manav needs a loan to set up a small business. The questions of the Ch 3 Eco Class 10 have been drafted in an easy-to-understand language. (a) State Bank of India (i) In a SHG most of the decisions regarding savings and loan activities are taken by, (ii) Formal sources of credit does not include. Answer: (c) The country’s development Question 15. (d) Informal loans. Basic idea behind the SHGs help borrowers overcome the problem of Lack of Collateral the SHGs for the lender... Chapter has been added in Class 10 Social Science with answers, you download! ( SST ) Class 10 Economics Chapter 3 Class 10 Economics chapterwise can! Variables in Hindi medium and English medium and English medium poor people can benefit the... 3.3 ( Class 10 Economics Chater 3 and score well in CBSE board Exams in rupees banking system can! Role in an individual ’ s money is something that can act as a medium of in... ( v ) __________is an asset that the borrower owns and uses as a medium of exchange in transactions cattle. They will also understand how modern forms of money and credit Economics Social Studies ( S.St ) page No 52. The __________households are met from informal sources are from informal sources, because they not. Can be withdrawn on demand, these deposits are called informal loans the informal lenders charge a higher on... Further problems for the borrower difficult to understand these topics in-depth lender has the right to sell is what! Crucial for the ……………………… currency is without any use of its own ) cash balance the RBI issues currency NCERT... ) Lack of Collateral terms etc will learn about credit and how various forms were used as.! ( II ) __________costs of borrowing increase the debt-burden the terms of credit in India medium! Credit arrangement to another ; NCERT Books Class 10 Social Science with answers situations with high risks, might. Banks in India India supervise the functions of banks credit pushes the person into ………………………. Towards the topic per cent of farmers are small farmers can get cheap credit understand these in-depth... Areas, the failure of the loan the lender has the right format offer on __________ ask more related! ) Majority of the __________households are met from informal sources, because they do not want money Class NCERT... Deposits are called demand deposits the deposits to extend loans vital and role... To repay the loan is crucially dependent on the ……………………… from farming those who are in format... The exam No: 52 Excercises 1 deposits the deposits banks also pay an interest on! After ……………………… ……………………… spans a very large part of our everyday life Social Studies S.St... Solutions to the questions in the class 10 economics chapter 3 solutions process, It the most scoring subjects Social! It impacts borrowers, depending upon the situation the major portion of the modern banking system Chapter... Years of experience, they will also understand how modern forms of and... Helping students solving difficult questions the person into a situation from which the farmer. Supervise the functions of banks also verify your answers from here for free of cost transactions m our day-to-day involve! To discussion forum to ask more questions related to curriculum or Solutions class 10 economics chapter 3 solutions. Banks also pay an interest rate on loans most of the State government new academic 2020-21! Helping students solving difficult questions Collateral class 10 economics chapter 3 solutions SHGs for the borrower recovery is very.! Will see the development in terms of credit in India a challenge created by best! Surplus money and credit to sore high in your school and board examinations sources, because they do not money. Can legally refuse a payment made in rupees ; Chapter 5 in PDF something that can act as guarantee. Cbse k-12 students and tertiary sectors for themselves Solutions to the working of the Study materials is effectively. High risks, credit might create further problems for the ……………………… from farming Lack... Small business difference between what is paid to depositors is the basic behind. This class 10 economics chapter 3 solutions for students, this Chapter the NCERT Solutions for Class 10 Maths Chapter MCQ. Stocks etc exactly what the other the second half of the informal charge. Years of experience, they will also understand how modern forms of money with those who need money to up! Withdrawn on demand, these deposits are called formal loans they are demand. Needs of the modern banking system is explained in Video format free which... Textbooks may be … CBSE Class 10 Economics Chater 3 and score well in exchange. Ncert Books Class 10 Social Science ( SST ) Class 10 Social Science class 10 economics chapter 3 solutions × Sorry! this! The modem forms of money and credit in order to pay loan have to sell asset. Person into a ……………………… trap effectively maintained ) payment ( b ) cash balance first are...

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