The Wabash Washing Machine Company Has Arranged to Get a Loan

question 19

Multiple Choice

The Wabash Washing Machine Company has arranged to get a loan from their bank over the next five years.They can borrow up to a pre-specified limit and repay it as many times as they need until the loan matures.The Wabash Washing Machine Company has not pledged any specific collateral for this loan.What type of loan is this most likely to be?

• A)Term business loan
• B)Revolving credit financing
• C)Long-term project loan
• D)Leveraged buyout
• E)Syndicated loan

---

Definitions:

External Intercostal Rib Muscles

Muscles located between the ribs that help expand the chest cavity for inhalation.

Lungs Inflate

The process by which lungs expand during inhalation due to the intake of air.

C-Shaped Cartilaginous Rings

The horseshoe-shaped structures of cartilage found in the trachea that provide structural support and keep the airway open.

Cilia

Microscopic, hair-like structures on the surface of cells that move rhythmically to transport substances or facilitate movement.