Multiple Choice
Northwest Resources, Inc., and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law, Commerce and other U.S. banks are
A) encouraged by credit guaranties to lend such funds.
B) discouraged by administrative rules to make such loans.
C) asked by enforcement agencies to report such requests.
D) banned by statute from opening such credit lines.
Correct Answer:

Verified
Correct Answer:
Verified
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