The most responsibility that comes with borrowing money from a bank is to make all the required amount of payments on time, and before they become overdue. Therefore, the option A holds true.
What is the significance of borrowing money from a bank?
Borrowing money from a bank is done when an individual is in need of money, but does not have enough disposable assets to make provisions for such amount. Banks often charge an interest rate for the amount that is being owed to them by their customers.
Whenever an individual borrows money from a bank, then in such case the individual becomes liable to make the repayments of the borrowed amount along with interest on time, and avoid late payments to ensure that no late payment charges are levied.
Therefore, the option A holds true regarding the significance of borrowing money from a bank.
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