MC34 Which of the following is a type of loan that is granted to businesses for the purchase of machinery or equipment?
A. Personal loan
B. Business loan
C. Housing loan
D. Machinery loan
Answer:D
MC34 Which of the following is a type of loan that is granted to businesses for the purchase of machinery or equipment?
A. Personal loan B. Business loan C. Housing loan D. Machinery loan
Explanation: Machinery loan is a type of loan that is granted to businesses for the purchase of machinery or equipment. The loan is offered by banks and other financial institutions and is meant to provide financial assistance to businesses for the purchase of new machinery or to upgrade existing equipment.