Question: Which statement most accurately describes loan purpose and borrowing cause? Loan purpose and borrowing cause are the same. They both indicate how the loan will

Which statement most accurately describes loan purpose and borrowing cause?
Loan purpose and borrowing cause are the same. They both indicate how the loan will be used.
Loan purpose is how the money will be used. Borrowing cause is why the business needs to borrow.
Loan purpose is why the business needs to borrow. Borrowing cause is how the money will be used.
Which statement most accurately describes loan

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