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Pam asks her mother for a loan.Her mother does not have it, so she borrows from her sister, and gives it to Pam.This transaction can be described as which of the following?

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MCQs on the importance of money, banking, and financial markets of a developed economy.


Pam asks her mother for a loan.Her mother does not have it, so she borrows from her sister, and gives it to Pam.This transaction can be described as which of the following?





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