Multiple Choice
A bank loan acquired through a spot market purchase has the following characteristics:
A) the bank originates and then funds the loan
B) the bank promises to lend to a borrower on a prespecified terms in the future
C) the bank buys the loan from an intermediary that originated it
D) all of the above
E) a and c only
Correct Answer:
Verified
Correct Answer:
Verified
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