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 266 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
Great answer, keep it coming :)

smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Injecting an IV push (bolus) medication; B, into a primary infusion line Injecting an IV push (bolus) medication; B, into a primary infusion line
Continuous, Absorption Line, and Emission Line Spectra Continuous, Absorption Line, and Emission Line Spectra
Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu
Finding the equation of a line Finding the equation of a line
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Electric Light Orchestra (ELO) - Telephone Line + Lyrics Electric Light Orchestra (ELO) - Telephone Line + Lyrics
Video: TRH/TSH/Thyroid hormone

For a complete list of videos, visit our video library