alleryA borrower caught in worse condition after taking a loan falls into a:
ADebt trade
BDebt trap
CDebt track
DDebt tract
Answer & Solution
Correct answer: B. Debt trap
1. Repaying the loan takes more than was earned.
2. The borrower ends up worse off than before.
3. That situation is a debt trap.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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