Loans for education and medical is classified as loans for

A. equilibrium goods
B. non-equilibrium goods
C. durable goods
D. non-durable goods
✅ The correct answer is option D.
Loans for education and medical is classified as loans for non-durable goods. Nondurable goods are products that are consumed or are only useable for a short period of time because they wear out or become useless. An example of nondurable goods are fresh vegetables.

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