Terms of credit does not include
A. Collateral
B. Demand deposits
C. Documents
D. Mode of payment
Dear Student,
Terms of credit are basically the requirements that are needed to fulfill any credit arrangements.Terms of credit include interest rate, collateral , documentation requirement and the mode of repayment.
From the above options , terms of credit does not include demand deposits.
Regards.
Terms of credit are basically the requirements that are needed to fulfill any credit arrangements.Terms of credit include interest rate, collateral , documentation requirement and the mode of repayment.
From the above options , terms of credit does not include demand deposits.
Regards.