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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

Which factor is crucial in det...

Single Answer MCQ
Q-00045462

Which factor is crucial in determining the interest rate on a loan?

1

The borrower's friendship with the lender

2

Economic conditions and risk assessment

3

The type of collateral provided

4

The loan's purpose

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