Salim the shoe manufacturer took loans to meet which need before the f…

Question

Salim the shoe manufacturer took loans to meet which need before the festival season?

Accepted Answer

B. Working capital

1. He needed workers and raw materials.
2. Credit met his working capital needs.
3. He repaid after delivering the order.
_Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._

Answer

Festival gifts

Answer

House purchase

Answer

Land purchase

Salim the shoe manufacturer took loans to meet which need before the festival season?

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