Which of the following is NOT a key characteristic of loans sold in the short-term loan sale market?
A)Issued as a secured loan.
B)Loans to investment grade borrowers or better.
C)Issued with a fixed rate.
D)Sold in units of $1 million and up.
E)Issued for 90 days or less.

Question

Quizplus · Accepted Answer

Loans in the short-term loan sale market are typically issued with a variable rate, not a fixed rate, to adjust for changes in interest rates over the short duration of the loan.

Which of the Following Is NOT a Key Characteristic of Loans