True/False
Commercial finance companies usually charge a higher interest on secured short-term loans than commercial banks because the finance companies generally ends up with higher-risk borrowers.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q77: Credit terms 2/10, net 30 means _.<br>A)
Q78: In credit terms, EOM (End-of-Month) indicates that
Q79: A trust receipt inventory loan is an
Q80: Factoring accounts receivable is not a form
Q81: A bank lends a firm $500,000 for
Q83: A field warehouse is _.<br>A) a warehouse
Q84: A floating inventory lien is a lender's
Q85: If a firm stretches its accounts payable,
Q86: A U.S.-based company that exports goods and
Q87: Revolving credit agreements are non-guaranteed loans that