Zeno had a great idea but no cash so he asked the bank for a loan to finance the entire operation. It seems he forgot that a bank would never provide _____ percent of the firm's financing.
A) 25
B) 50
C) 75
D) 100

Question

Quizplus · Accepted Answer

Banks typically require borrowers to have some of their own equity in the business and would not provide 100 percent of the firm's financing to mitigate risk.

Zeno Had a Great Idea but No Cash So He