Which of the Following Is Correct with Respect to Long-Term

question 178

Multiple Choice

Which of the following is correct with respect to long-term loans?

• A) Businesses try to avoid them whenever possible because banks charge high interest rates.
• B) Large borrowers may have trouble finding lenders to supply enough funds.
• C) Once a loan's terms are set, they cannot be changed until all the money is paid back.
• D) Loans are difficult to arrange quickly.
• E) The time frame of the loan may be difficult to match with the borrower's needs.

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