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    Foundations of Financial Management Study Set 1
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    Exam 8: Sources of Short-Term Financing
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    Bank Term Loans
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Bank Term Loans

Question 22

Question 22

Multiple Choice

Bank term loans:


A) usually carry fixed interest rates.
B) are very short-term in nature.
C) are offered to superior credit applicants.
D) are risky for the borrower due to interest rate fluctuation.

Correct Answer:

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