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    Practical Financial Management Study Set 1
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    Exam 16: The Management of Working Capital
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    The Principal Business of Commercial Banks Is to Make Short-Term
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The Principal Business of Commercial Banks Is to Make Short-Term

Question 109

Question 109

Multiple Choice

The principal business of commercial banks is to make short-term loans to businesses. About two thirds of commercial bank loans are for less than:


A) six months.
B) three years.
C) nine months.
D) one year.

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