The Working Capital Loan Guarantee Program of the Private Export

question 25

True/False

The Working Capital Loan Guarantee Program of the Private Export Funding Corporation (PEFCO) encourages commercial banks to extend short-term export financing to eligible exporters by providing a comprehensive guarantee that covers 90 percent of the loan's principal and interest.

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Definitions:

Fallacy of Division

A logical fallacy that arises when one assumes that something true of a whole must also be true of its parts.

False Conclusion

A statement or resolution that does not logically follow from the given premises or evidence.

Premises

Statements or propositions that are taken as true and used as the basis for an argument leading to a conclusion.

Transitivity Relationship

A principle in mathematics and logic where if relation holds between a and b, and between b and c, it also holds between a and c.