All of the Following Statements About Secondary Credit Are True

question 124

Multiple Choice

All of the following statements about secondary credit are true EXCEPT

• A) they are temporary, short-term loans to satisfy seasonal requirements.
• B) the secondary credit interest rate is set above the primary credit rate.
• C) it is intended for banks not eligible for primary credit.
• D) borrowers of secondary credit are less financially healthy.

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Definitions:

Neighborhoods

Geographic areas within a city or town, characterized by distinct attributes and often by a sense of community among residents.

Comprised

Made up of; consists of various components or elements.

Marketing Concept

A business philosophy suggesting that success is achieved by focusing on the needs and wants of target markets and delivering value better than competitors.

Business Adopting

The process by which a company begins to implement new strategies, technologies, or practices to improve its operations and adapt to market changes.