Asset-based lending is typically used to finance a. accounts receivable b. real estate. c. construction and development projects. d. accounts payable A credit facility is another name for: a. a branch bank. b. credit cards. c. Loans and agreements to make loans. d. wholesale banking. The prime rate is a. the base rate conventional loans b. the base rate on international loans c. none of the above d. the base rate on consumer loans The effective yield on the loan is the least when the loan is priced at a. 360-day year/actual number of days b. 365-days/actual number of days c. nominal rates/365 days d. 360-day year/30-day months Credit cards are one example of a. term loans b. open-end lines of credit c. closed-end lines of credit d. amortized payment loans
Asset-based lending is typically used to finance a. accounts receivable b. real estate. c. construction and development projects. d. accounts payable A credit facility is another name for: a. a branch bank. b. credit cards. c. Loans and agreements to make loans. d. wholesale banking. The prime rate is a. the base rate conventional loans b. the base rate on international loans c. none of the above d. the base rate on consumer loans The effective yield on the loan is the least when the loan is priced at a. 360-day year/actual number of days b. 365-days/actual number of days c. nominal rates/365 days d. 360-day year/30-day months Credit cards are one example of a. term loans b. open-end lines of credit c. closed-end lines of credit d. amortized payment loans
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 23QTD
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Question
Asset-based lending is typically used to finance
a.
accounts receivable
b.
real estate.
c.
construction and development projects.
d.
accounts payable
A credit facility is another name for:
a.
a branch bank.
b.
credit cards.
c.
Loans and agreements to make loans.
d.
wholesale banking.
The prime rate is
a.
the base rate conventional loans
b.
the base rate on international loans
c.
none of the above
d.
the base rate on consumer loans
The effective yield on the loan is the least when the loan is priced at
a.
360-day year/actual number of days
b.
365-days/actual number of days
c.
nominal rates/365 days
d.
360-day year/30-day months
Credit cards are one example of
a.
term loans
b.
open-end lines of credit
c.
closed-end lines of credit
d.
amortized payment loans
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