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What is leasing? A. A type of credit in which the bank authorizes the client to overdraw their checking account. B. A type of credit in which the ...

What is leasing?

A. A type of credit in which the bank authorizes the client to overdraw their checking account.
B. A type of credit in which the bank lends money to the client for a certain period of time with a guarantee.
C. A contract in which the bank acquires a good (movable or immovable assets) at the request of the client and the client agrees to rent the leased asset by paying periodic installments; at the end, the client has the option to purchase the leased asset at a certain agreed value (residual value).
D. A type of credit in which the bank grants a loan with a guarantee of valued documents such as a promissory note or other securities, providing liquidity before the due date.
A. A
B. B
C. C
D. D