A Federal Funds Loan That Is Automatically Renewed Each Day

question 38

Multiple Choice

A federal funds loan that is automatically renewed each day unless either the borrower or the lender decides to end the loan agreement is known as a(n) :

• A)overnight loan.
• B)continuing contract.
• C)term loan.
• D)rollover loan agreement.
• E)None of the options is correct.

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Definitions:

Computer Systems

Integrated assemblies of hardware and software components that enable the processing, management, and storage of data.

Decision Rules

Predetermined guidelines or criteria used to make choices among alternatives in decision-making processes.

E-HRM

Electronic Human Resource Management involves using information technology for managing HR processes and activities.

Administrative Activities

Tasks related to the management and execution of the day-to-day operations within an organization.