________ granted by banks generally have maturities of three to 15 years and are often made to finance capital expenditure such as building construction and the purchase of real estate.
A) Debentures
B) Mortgage bonds
C) Term loans
D) Capital leases

Question

Quizplus · Accepted Answer

Term loans are usually granted by banks to finance long-term capital expenditures such as building construction and real estate purchase. They have maturities ranging from 3 to 15 years, and repayments are made in installments, either monthly or quarterly.

________ Granted by Banks Generally Have Maturities of Three to 15