'Hard Loan' refers to a loan that-

'Hard Loan' refers to a loan that- Correct Answer requires repayment in currency of strong economy

A hard loan is a foreign loan that must be paid in hard currency, which is the currency of a nation that has political stability and a reputation for economic strength. For example, a country classified as a developing country may borrow via a hard loan denominated in U.S. dollars.Jan.
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