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Loans & Lending Practices MCQs

What does the term "Flipping" denote?

A fee charged for the use of money

Buying expensive properties and renting them out

Buying undervalued properties and renting them out

The process of buying a property and then attempting to sell it relatively quickly for a profit

Answer

Correct Answer: The process of buying a property and then attempting to sell it relatively quickly for a profit

Explanation:

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