Multiple Choice
Rami has a long-standing relationship with his banker. When his company needs a short-term loan, he is able to obtain a loan at prime rate and does not have to put up any collateral for the loan. What type of financing has Rami obtained?
A) unsecured loan
B) secured loan
C) promissory note
D) trade credit
Correct Answer:
Verified
Correct Answer:
Verified
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