Which of the Following Refers to a Debt That Is

question 98

Multiple Choice

Which of the following refers to a debt that is paid off within a year?

• A) Short-term debt.
• B) Long-term debt.
• C) Liabilities.
• D) Assets.

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Definitions:

Troubled Asset Relief Program

A government program created to purchase toxic assets and equity from financial institutions to strengthen its financial sector during the 2008 financial crisis.

Great Recession

A significant decline in economic activity across the global economy lasting from late 2007 to mid-2009, considered the worst economic downturn since the Great Depression.

Financial Institutions

Organizations such as banks, credit unions, and insurance companies that provide financial services to consumers and businesses.

Commercial Banks

Financial institutions that offer a wide range of services, including accepting deposits, providing loans, and other investment products.