The Average Duration of an SBA Loan Is ________,While the Mean

question 78

Multiple Choice

The average duration of an SBA loan is ________,while the mean loan amount is ________.

• A)5 years; $95,000
• B)7 years; $135,500
• C)12 years; $232,500
• D)19 years; $450,000

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Definitions:

Unregulated

Not controlled or governed by a set of rules or principles, often referring to industries or sectors without government oversight.

Profits

The financial gain made in a transaction or the operation of a business after deducting all expenses.

Pure Monopoly

A market structure where a single seller controls the entire market for a particular good or service, with no close substitutes.

Fair-return Price

A price that allows a company to cover its costs and make a reasonable profit.