Short-Term Lending to Support the Construction of Homes,apartments,office Buildings,shopping Centers,and

question 22

Multiple Choice

Short-term lending to support the construction of homes,apartments,office buildings,shopping centers,and other permanent structures is known as a (or an) :

• A)self-liquidating.
• B)working capital loan.
• C)interim construction loan.
• D)asset-based loan.
• E)None of the options is correct.

---

Definitions:

Business Classes

Groups in society involved in the creation, management, and operation of businesses, often considered in terms of socioeconomic status, influence, and roles in the economy.

Bonanza Farms

Large farms that covered thousands of acres and employed hundreds of wage laborers in the West in the late nineteenth century.

Thousands Of Acres

A measure of land area, often used to describe the vast size of agricultural, forested, or undeveloped land.