Maturity of Most Bank Loans Is Short Term Bank Loans

question 3

True/False

maturity of most bank loans is short term Bank loans to businesses are frequently made as 90-day notes which are often rolled over, or 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.

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Definitions:

Neandertal

An extinct species of human characterized by robust physical features, known to have lived in Europe and parts of Asia until about 40,000 years ago.

Homo Erectus

An extinct species of early human that lived from approximately 2 million to roughly 100,000 years ago, known for being one of the first hominins to use fire and sophisticated tools.

Laurasia

An ancient supercontinent that is believed to have been in the northern hemisphere and subsequently split into North America, Europe, and Asia.

Lumpers

Scholars or researchers who prefer to classify information into large categories, simplifying complexities.