For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for? Options: A . &nbspEquated Money Index B . &nbspEasy Money Installment C . &nbspEquated Monthly Installment D . &nbspEqual Monthly Installment

For repayment of loan availed from Banks NBFC we come across a term known as EMI

Question

For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?

Options:

A . Equated Money Index

B . Easy Money Installment

C . Equated Monthly Installment

D . Equal Monthly Installment

Answer: Option C

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