Economics · Credit Systems and Debt
A situation where a borrower is forced to sell assets or take new loans to repay an existing loan due to high interest rates and low returns is termed a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Capital gain
- 2Liquidity surplus
- 3Debt trap✓
- 4Credit boom
Correct answer
Debt trap
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