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Khalid has applied for a loan from Bank Muscat. Khalid has to meet some formalities to get the loan from bank. One of the formality

Khalid has applied for a loan from Bank Muscat. Khalid has to meet some formalities to get the loan from bank. One of the formality to get the loan is security. Bank has approved the loan based on bonds and inventories. Identify which one of the loan Khalid has availed.

a.

Cash credit

b.

Unsecured loan

c.

Personal loan

d.

Overdraft

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