It Is Always Easier to Pay Back What You Borrow

question 71

True/False

It is always easier to pay back what you borrow than to obtain credit in the first place.

---

Definitions:

Limited Risk

Exposure to a relatively small possibility of loss or less severe consequences in an investment or business activity.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.

Supplies

Items used in the operation of a business or part of inventory not yet sold.

Equipment

Tangible property owned by a business used in its operations over an extended period.