A Type of Bank Loan That Is More Flexible Than

question 34

Multiple Choice

A type of bank loan that is more flexible than some other loans but that can save the borrower some interest even though it carries a slightly higher interest rate than other loans is the:

• A)bridge loan.
• B)line of credit.
• C)term loan.
• D)bankers' acceptance.

---

Definitions:

Unauthorized Act

An action taken by an individual or entity without permission or authority, often leading to a breach of contract or law.

Independent Contractors

Individuals or entities contracted to perform work for another entity as non-employees, responsible for their own tax obligations.

Employers

Individuals or organizations that hire and pay for the services of workers or employees.

Tasks

Specific pieces of work or activities to be completed, often as part of a larger project or duty.