When providing loan guarantees for business,the goverrnnent actually transfers the money to the business.

Name: When providing loan guarantees for business,the goverrnnent actually transfers the money to the business.
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Question

Quizplus · Accepted Answer

When the government provides loan guarantees, they are not transferring money to the business. Instead, they are essentially promising to cover the loan payments if the business is unable to do so. This reduces the risk for lenders and makes it easier for the business to obtain a loan.

When Providing Loan Guarantees for Business,the Goverrnnent Actually Transfers the Money