Match the term with its definition.
a.Asset-based loan
b.Basis point
c.Chattel mortgage
d.Equipment loan
e.LIBOR (London InterBank Offered Rate)
f.Line of credit
g.Prime rate
h.Purchase-order financing
i.Term loan
-The interest rate chareged by commercial banks on loans to their most creditworthy customers
Correct Answer:
Verified
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-An installment
Q122: Match the term with its definition.
-Obtaining cash
Q125: Match the term with its definition.
-A loan
Q133: Match the term with its definition.
-A long-term
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