Dimitium National Bank is well known for lending money to companies who need it as quickly as possible. Any company that takes money from the bank is required to return the amount within six months at an interest at a rate of 12 percent. Which of the following short-term financing options is being offered by Dimitium National Bank in the given scenario?

Question

Quizplus · Accepted Answer

Dimitium National Bank is offering short-term bank loans, as they provide funds to companies with the requirement to repay within a specified short-term period, in this case, six months, with interest.

Dimitium National Bank Is Well Known for Lending Money to Companies