A Circular Reference Occurs When a Formula Directly or Indirectly

question 65

True/False

A circular reference occurs when a formula directly or indirectly refers to the cell containing the formula.

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Definitions:

Commercial Banks

Banks that provide a wide range of services to businesses and consumers including loans, checking accounts, and savings options.

Commercial Bank Loans

are loans that businesses and individuals can obtain from a commercial bank to finance various needs, such as business expansion or personal expenses.

Short-Term Financing

Refers to borrowing funds for a period of less than one year to meet immediate financial requirements.

Spontaneous Financing

Financing that naturally increases as a firm's operating levels increase, typically through trade credits and accruals.