Which of the following is correct with respect to long-term loans?
Businesses try to avoid them whenever possible because banks charge high interest rates.
Large borrowers may have trouble finding lenders to supply enough funds.
Once a loan's terms are set, they cannot be changed until all the money is paid back.
Loans are difficult to arrange quickly.
The time frame of the loan may be difficult to match with the borrower's needs.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is correct with respect to long-term loans?
Businesses try to avoid them whenever possible because banks charge high interest rates.
Large borrowers may have trouble finding lenders to supply enough funds.
Once a loan's terms are set, they cannot be changed until all the money is paid back.
Loans are difficult to arrange quickly.
The time frame of the loan may be difficult to match with the borrower's needs.

Which of the Following Is Correct with Respect to Long-Term