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Which Statement About the Initial Reconstruction Constitution of 1869 or the Civil

question 8

Multiple Choice

Which statement about the initial Reconstruction Constitution of 1869 or the Civil War Constitution of 1861 is not true?


Definitions:

Collateral

Assets that a borrower offers to a lender to secure a loan, which can be seized if the borrower fails to repay the loan.

SBA Loan

A loan made to a small business through a commercial bank, of which a portion is guaranteed by the Small Business Administration.

Commercial Bank

A financial institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.

Unsecured Term Loans

A loan made to an established business that has demonstrated a strong overall credit profile.

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