Q475
Loans for education and medical is classified as loans for
A.
equilibrium goods
B.
non-equilibrium goods
C.
durable goods
D.
non-durable goods
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Loans for education and medical is classified as loans for non-durable goods. Nondurable goods are products that are consumed or are only useable for a short period of time because they wear out or become useless. An example of nondurable goods are fresh vegetables.