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    Exam 17: Managing a Business 4: Making Payments and Recovering Debts
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    Johnny Little Borrows $300,000 from Bank Bigge in Exchange for Giving
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Johnny Little Borrows $300,000 from Bank Bigge in Exchange for Giving

Question 1

Question 1

Multiple Choice

Johnny Little borrows $300,000 from Bank Bigge in exchange for giving the bank a mortgage on his farmland.Bank Bigge is a:


A) Debtor.
B) Unsecured creditor.
C) Secured creditor.
D) Guarantor.

Correct Answer:

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