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24 April, 03:58

Which is the most likely scenario in which someone would take out a short-term loan with a bank?

to buy a skateboard

to by a second home

to pay for credit card debt

to buy a car

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  1. 24 April, 04:25
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    The most likely scenario in which someone would take out a short-term loan with a bank is to pay for credit card debt. The short-term loan has less than one year period to be repaid and this loan is usually taken by someone if there is a temporary problem with their cash flow. This loan can also be taken by a company to fulfill their working capital for increasing its sales.
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