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

Verified
Correct Answer:
Verified
Related Questions
Q21: As part of a union negotiation agreement,
Q53: Under a line of credit agreement, a
Q54: A firm is offered credit terms of
Q59: XYZ Corporation borrowed $100,000 for six months
Q65: Tangshan Mining borrowed $100,000 for one year
Q132: Spontaneous liabilities such as accounts payable and
Q157: Tangshan Mining borrowed $10,000 for one year
Q159: Notes payable can be either spontaneous secured
Q160: Tangshan Mining borrowed $10,000 for one year
Q161: Appropriate collateral for a loan secured under