Recently, India extended a $500 million line of credit to Myanmar. With reference to that
1. Normally Line of credit is an aid to a poor country,which is not needed to repay.
2. Line of credit is just like a loan, which needs to be repayed.
3. Home loan can be considered as a example for Line of credit.
4. Normally countries provide line of credits to others for monetery benefits.
1. Normally Line of credit is an aid to a poor country,which is not needed to repay.
2. Line of credit is just like a loan, which needs to be repayed.
3. Home loan can be considered as a example for Line of credit.
4. Normally countries provide line of credits to others for monetery benefits.
