Northwest Resources, Inc

question 26

Multiple Choice

Northwest Resources, Inc., and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law, Commerce and other U.S. banks are

• A) ​encouraged by credit guaranties to lend such funds.
• B) ​discouraged by administrative rules to make such loans.
• C) ​asked by enforcement agencies to report such requests.
• D) ​banned by statute from opening such credit lines.

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