Which of the Following Is an Example of an Intermediate-Term

question 36

Multiple Choice

Which of the following is an example of an intermediate-term debt?

• A) A thirty-year mortgage.
• B) A sixty-month car loan.
• C) A six month loan from a finance company.
• D) A Treasury bond.

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Definitions:

Nature

The inherent or fundamental qualities or characteristics of something, often referring to the physical world and its phenomena.

Dissolved

The process of legally disbanding a corporation or partnership, effectively ending its existence.

Corporation

A legal entity that is separate from its owners, providing limited liability to its shareholders and capable of owning property, entering contracts, and being sued.

Preferred Shareholders

Holders of preferred shares who may have a right to vote arising if dividends are not paid.