Solved

The First State Bank of Duncan Buys Railroad Cars and Rents

Question 74

Multiple Choice

The First State Bank of Duncan buys railroad cars and rents them to the Santa Fe Railroad Company.What type of loan has this bank made?


A) Financial institution loan
B) Commercial and industrial loan
C) Loan to an individual
D) Miscellaneous loan
E) Lease financing receivables

Correct Answer:

verifed

Verified

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

Related Questions