Solved

If Tshegofatso Is Applying for a Loan for a Shelving

Question 50

Multiple Choice

If Tshegofatso is applying for a loan for a shelving system to improve her retail sales where the system will serve as collateral, what type of loan would be the most appropriate?


A) Chattel mortgage
B) Line of credit
C) Real estate mortgage
D) Term loan

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: The "five Cs of credit" are character,

Q12: Violet's Catering is growing rapidly.A new customer

Q46: Borrowing money rather than issuing shares typically

Q48: Generally, as long as a business's operating

Q52: To determine how well her business is

Q53: If he holds true to the average,

Q54: Demitrius runs a Greek restaurant and is

Q55: Eric has decided to invest R10 000

Q66: Even with all his billions and influence,Donald

Q109: It's been George's "baby" from the beginning,