Which of the following statements is NOT correct?
A) A manufacturing company purchasing new production equipment could finance it through a bank long-term asset loan.
B) The feature that allows a transaction account to go into a negative balance is called a line of credit facility.
C) Mortgage loans are secured by the real estate they finance.
D) Individuals who want to purchase a car or a computer could finance them with a personal loan.
Correct Answer:
Verified
Q16: ATM surcharge and credit cards fees are
Q17: Interests on loans are banks' interest income
Q18: Banks can increase their liquidity (mainly currency
Q19: Banks issue commercial paper for raising funds
Q20: The principal source of funds for banks
Q22: Which of the following is NOT a
Q23: Banks' major use of funds is:
A)investments and
Q24: Which of the following is NOT a
Q25: Which of the following statements is NOT
Q26: Banks became increasingly involved in the securitisation
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