What does higher cost of borrowing mean? - Vidyadip

Question

What does higher cost of borrowing mean?

✓

Answer

This means a large part of the earnings of the borrowers is used to repay the loan. Hence, borrowers have less income left for themselves.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Question-Answer [1M - ECONOMICS]" from Unit 4 Ch 3 : Money and Credit→Unit 4 Ch 3 : Money and Credit — all question types→Social Studies STD 10 question papers→CBSE Board STD 10 question papers→CBSE Board question paper generator→

Similar questions

What does modern form of money include?

Which type of activity comes under the primary sector?

What is meant by sustainability of development?

Mention any one development as goal of landless rural labourers.###What is the development of rural people of India as per your viewpoint?

What is it that can act as a medium of exchange in transactions?

Mention any one factor responsible for the growth of service sector in the Indian economy.

Mention two non-material things that people need to live besides seeking more income or any other material goods.

State one advantage of SHGs.

Name the state of India where the overuse of groundwater resources is found.

Why do you think that the consumer redressal process is becoming cumbersome, expensive and time consuming?