Q518
Loans for cars and home appliances is classified as loans for
A.
durable goods
AnswerB.
non-durable goods
C.
equilibrium goods
D.
non-equilibrium goods
Answer: Option A
Solution
Answer: Option A
Solution:
Loans for cars and home appliances is classified as loans for durable goods. Durable goods are those goods that don't wear out quickly and last over a long period.