Quiz Ch 15 – T/F Characteristics of Short-Term Bank Loans

Fundamentals of Financial Management, Concise

Brigham and Houston

09th Edition

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True or false: Most bank loans to businesses are short-term, often provided as 90-day notes that are commonly rolled over instead of being repaid upon maturity. Nevertheless, if the borrower's financial condition worsens, the bank may decline to renew the loan.

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