Fixed Assets Are the Most Desirable Short-Term-Loan Collateral Since They

question 16

True/False

Fixed assets are the most desirable short-term-loan collateral since they normally have a longer life, or duration, than the term of the loan.

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Definitions:

Mantle

In mollusks, an extension of the body wall that covers the visceral mass and may secrete a shell.

Mollusca

A large phylum of invertebrate animals that includes snails, slugs, mussels, and octopuses, characterized by a soft body that in many species is enclosed by a hard shell.

Clams

Aquatic mollusks with a shell that is divided into two parts, known for living buried in sand or mud and being a source of food for various predators, including humans.

Octopuses

Cephalopod mollusks with eight arms, known for their intelligence, ability to change color, and escape skills.