Limit Commitment Occurs When

question 61

Multiple Choice

Limit commitment occurs when

• A) collateral is required to get a loan.
• B) one cannot borrow as much as necessary to conduct business.
• C) one cannot be forced to repay a loan.
• D) the bank can sell your loan to another bank.

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Definitions:

Like Terms

Terms in algebraic expressions that have the same variables raised to the same power and can be combined.

Simplify

To make something less complex or easier to understand.

Simplify

To make something less complex or easier to understand by reducing or eliminating unnecessary parts.

Simplify

To simplify means to make something easier to understand or do, often by reducing it to its most basic form.