A federal funds loan that is automatically renewed each day unless either the borrower or the lender decides to end the loan agreement is known as a(n):
A)overnight loan.
B)continuing contract.
C)term loan.
D)rollover loan agreement.
E)None of the options is correct.

Question

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The Answer of A federal funds loan that is automatically renewed each day unless either the borrower or the lender decides to end the loan agreement is known as a(n):
A)overnight loan.
B)continuing contract.
C)term loan.
D)rollover loan agreement.
E)None of the options is correct.

A Federal Funds Loan That Is Automatically Renewed Each Day