Frost Bank lends $500,000 to Arbex Manufacturer.Arbex has agreed to pay this amount back in fifty equal installments over a period of ten years.This is an example of a ________.

Question

Quizplus · Accepted Answer

A)In long-term loans, a bank or other lender provides cash to borrowers. The borrower agrees to repay according to specific terms.
B)In long-term loans, a bank or other lender provides cash to borrowers. The borrower agrees to repay according to specific terms.
C)In long-term loans, a bank or other lender provides cash to borrowers. The borrower agrees to repay according to specific terms.
D)In long-term loans, a bank or other lender provides cash to borrowers. The borrower agrees to repay according to specific terms.
E)In long-term loans, a bank or other lender provides cash to borrowers. The borrower agrees to repay according to specific terms.

Frost Bank Lends $500,000 to Arbex Manufacturer