In asset-based borrowing,the ________ is the percentage of an asset's value that a lender will lend.
A)prime rate
B)margin rate
C)advance rate
D)discounted rate

Name: In asset-based borrowing,the ________ is the percentage of an asset's value that a lender will lend. A)prime rate B)margin rate C)advance rate D)discounted rate
Brand: Quizplus
Rating: 4.7 (28 reviews)

Question

Quizplus · Accepted Answer

The advance rate is the percentage of an asset's value that a lender will lend in asset-based borrowing. This rate can vary depending on the type and condition of the asset.

In Asset-Based Borrowing,the ________ Is the Percentage of an Asset's