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Curriculum-aligned learning paths for students in Classes 6-12.

CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

The term 'credit trap' refers ...

Single Answer MCQ
Q-00045476

The term 'credit trap' refers to which situation?

1

Having excess savings

2

Working to repay a debt while taking new loans

3

A surplus in earnings

4

Zero interest rates

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