When small businesses borrow money from banks, the interest rate they are charged is usually
A) not affected by prime rate.
B) two points below prime rate.
C) one to three points above prime rate.
D) five to seven points above prime rate.
Correct Answer:
Verified
Q20: In general, working capital should cover at
Q21: Money that is borrowed to start a
Q22: The length of time allowed for repaying
Q23: A loan for a delivery van would
Q24: Prime rate
A) is always below 5%.
B) is
Q26: Those who provide financing in exchange for
Q27: Debt financing includes
A) bank loans.
B) loans from
Q28: The amount of funding for Small Business
Q29: Which of the following is a factor
Q30: Which of the following is a factor
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents