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Term Loans Are BEST Described by Which of the Following

Question 26

Multiple Choice

Term loans are BEST described by which of the following?


A) They are loans with a maturity of less than one year.
B) They are available from commercial banks,insurance companies,pension funds,commercial finance companies,and manufacturer's financing subsidiaries.
C) They must be secured.
D) They must be repaid on an annual schedule only.

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