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    Exam 18: Understanding Money, Banking, and Credit
  5. Question
    What Is the Difference Between a Short-Term and a Long-Term
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What Is the Difference Between a Short-Term and a Long-Term

Question 220

Question 220

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What is the difference between a short-term and a long-term loan? What does it mean to say that collateral is required for a loan?

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Answered by ExamLex AI

A short-term loan is typically a loan th...

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