A Single-Payment Loan Used to Finance a Purchase When the Cash

question 41

Multiple Choice

A single-payment loan used to finance a purchase when the cash to be used for repayment is known to be forthcoming in the near future is a form of _____.

• A)collateral security
• B)interim financing
• C)cumulative borrowing
• D)loan rollover
• E)loan extension

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Definitions:

Nonconscious Process

Mental processes not available to the conscious mind but influence judgements, feelings, or behavior.

Circulation Of Blood

The movement of blood throughout the body, propelled by the heart, to distribute nutrients and oxygen and remove waste.

Conscious Process

Mental activities that are within an individual's awareness, involving thought, perception, and emotion.

Olfactory Membrane

A specialized tissue in the nasal cavity responsible for detecting odors and initiating the sense of smell.