Which of the following is a name for when a bank promises to lend funds to a borrower to pay off its commercial paper?
A) loan commitment
B) standby letter of credit
C) securitization
D) loan sale
Correct Answer:
Verified
Q32: The Federal Reserve System was created in
A)1836.
B)1863.
C)1913.
D)1945.
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A)separated commercial banking
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Q83: Standby letters of credit
A)are a form of
Q86: Securitization refers to
A)changing the mix in a
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A)
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