Answer :

Homonyms of "Chip" is an electronic device and also it can refer to French fry or to a place where a small piece of glass is broken.
A Homophone of "chip" is also "cheap".

Answer & Explanation:

Homonyms are two words that are spelled the same and sound the same but have different meanings. ... A simple example of a homonym is the word "pen." This can mean both "a holding area for animals" and "a writing instrument."

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