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The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are of
Posted: Fri Mar 04, 2022 9:42 am
by answerhappygod
- The Maturity Of Most Bank Loans Is Short Term Bank Loans To Businesses Are Frequently Made As 90 Day Notes Which Are Of 1 (10.35 KiB) Viewed 46 times
The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are often rolled over, on renewed, rather than repaid when they mature. However, if the borrower's financial situation deteriorates, then the bank may refuse to roll over the loan a True O. False