Which one of the following statements does not describe a bank loan?
A) Regular repayments made up of interest and capital.
B) Repayable immediately if repayments of capital and interest are not made on time.
C) Variable amounts are borrowed for variable periods of time.
D) A contractual arrangement.
Correct Answer:
Verified
Q2: Sole traders are the only form of
Q3: Which of the following statements describe sole
Q4: Which one of the following is not
Q5: Which one of the following is not
Q6: Which types of finance are available to
Q8: Debentures, bonds and loan notes are long-term
Q9: Which of the following are characteristics of
Q10: Which of the following are characteristics of
Q11: Payment of interest on borrowings is compulsory
Q12: Dividends are the cost of borrowing money
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents