Funds from Short-Term Loans Can Generally Be Obtained Faster Than

question 42

True/False

Funds from short-term loans can generally be obtained faster than from long-term loans for two reasons: (1)when lenders consider long-term loans they must make a more thorough evaluation of the borrower's financial health,and (2)long-term loan agreements are more complex.

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Definitions:

Dialogue

A conversation between two or more people as a feature of a book, play, or movie, or a discussion aimed at resolution.

Positive Reinforcement

A technique in behavior modification that involves rewarding a desirable behavior in order to increase the likelihood of its recurrence.

Human Nature

The inherent characteristics, including ways of thinking, feeling, and acting, that humans are believed to have naturally.

Recognition

The act of acknowledging or identifying something or someone seen, heard, or known previously.