A "guaranteed" business loan is one
A) made under a line of credit.
B) backed up by outside collateral.
C) backed up by inside collateral.
D) the business owner is personally liable for repaying.
D
You might also like to view...
On the revenue side, government income comes from taxes (T)
What will be an ideal response?
In an open economy, the demand for loanable funds comes from both domestic investment and net capital outflow
a. True b. False Indicate whether the statement is true or false
At what phase of the business cycle does the natural rate of unemployment occur?
a. at the peak during a boom b. at the midpoint between a recession and a boom c. at the trough during a recession d. never because it is purely hypothetical
All else constant, an increase in the demand for bonds
A) increases the equilibrium quantity and the equilibrium price of bonds. B) increases the equilibrium quantity and decreases the equilibrium price of bonds. C) decreases the equilibrium quantity and increases the equilibrium price of bonds. D) decreases the equilibrium quantity and the equilibrium price of bonds.