BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the act of buying an asset without having to make full payment in the immediate future?
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Operating lease
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Hire purchase
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Sale and leaseback
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Finance lease
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Explanation:
Detailed explanation-1: -The act of buying an asset without having to make full payment in the immediate future is known as Hire purchase.
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