This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements regarding a line of credit is true? A) A line of credit ... (Read 225 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jul 10, 2018
Which of the following statements regarding a line of credit is true?
 
  A) A line of credit agreement is a legal commitment on the part of the bank to provide the stated
  credit.
  B) Such agreements usually cover the borrower's fiscal year.
  C) The purpose for which the money is being borrowed must be stated by the borrower.
  D) A line of credit agreement usually fixes the interest rate that will be applied to any extensions
  of credit.

Question 2

Which of the statements below is FALSE regarding interest rates in the period 1950-1999?
 
  A) Inflation averaged 4.05.
  B) The real rate averaged 1.18.
  C) The default premium averaged 7.05.
  D) The maturity premium averaged 1.28 (for twenty-year maturity differences).


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 10, 2018
Answer to Question 1

B

Answer to Question 2

Answer: C
Explanation: C) The default premium averaged 0.49 (for AAA over government bonds) over the 50-year period from 1950-1999.


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

True Forget-Me-Not True Forget-Me-Not
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Line analysis of Gustave Caillebotte, Place de l'Europe on a Rainy Day. Line analysis of Gustave Caillebotte, Place de l'Europe on a Rainy Day.
A mechanical returnless fuel system. The bypass regulator in the fuel tank controls fuel line ... A mechanical returnless fuel system. The bypass regulator in the fuel tank controls fuel line ...
How to convert verbal statements into algebraic equations (Part 2) How to convert verbal statements into algebraic equations (Part 2)
Time Line for Life’s Origin and Evolution Time Line for Life’s Origin and Evolution
Video: Bone elongation - processes at the epiphyseal plate

For a complete list of videos, visit our video library