Question 2 - Fill in the blanks (MCQ) - Chapter 3 Class 10 Economics - Money and Credit - Economics

Last updated at April 16, 2024 by

_________ costs of borrowing increase the debt-burden. 

A. Low

B. High

C. Loans from banks

D. Loans from cooperatives

 

Answer:

So the correct answer is (B) - High

Explanation

More the cost of borrowing means that the borrower has to pay back more from his earnings . Hence, the more the cost of borrowing , the more the debt burden . 

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo