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Chako Chako
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8 years ago
What does it mean for a loan to be in default?
A) when the lender of a loan fails to supplies the full amount of a loan to the borrower
B) when the borrower of a loan fails to repay on schedule according to a loan contract, with the agreement of the lender
C) when the lender of a loan fails to offer the promised sum
D) when the lender of a loan supplies the full amount of a loan to a borrower without any promise of being repaid
E) when the borrower of the a loan fails to repay on schedule according to a loan contract, without the agreement of the lender
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
Good answer, thank you
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#3
8 years ago
Happy to help you!
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