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Social7 2 Notes
Social7 2 Notes
Social7 2 Notes
• What is debt?
Debt is an amount of money by one person from another. Debt is used by many
corporations [like banks] and individuals as a way to make large purchases that they
could not under normal circumstances. A debt arrangement gives an
individual permission to borrow money under the condition that it is to be ,
usually with interest.
• What are some examples?
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