Economics · Indian Economy
What is the situation called when a borrower is forced to take a new loan merely to pay the interest on an existing loan?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Capital Deficit
- 2Liquidity Crunch
- 3Debt Trap✓
- 4Fiscal Deficit
Correct answer
Debt Trap
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