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 179 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
:D TYSM

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

The engine is rotated until the timing marks on the front of the crankshaft line up with zero ... The engine is rotated until the timing marks on the front of the crankshaft line up with zero ...
How to graph line equations without a table of values How to graph line equations without a table of values
Tai chi stance with front foot pointing straight ahead and back foot at 45° angle, heels in line, ... Tai chi stance with front foot pointing straight ahead and back foot at 45° angle, heels in line, ...
How to convert verbal statements into algebraic equations (Part 4) How to convert verbal statements into algebraic equations (Part 4)
M is the midpoint of a line segment with endpoints A & B. If B is locates on the y-axis, and M ... M is the midpoint of a line segment with endpoints A & B. If B is locates on the y-axis, and M ...
Offset Method Plot of Land with Length Line Offset Method Plot of Land with Length Line
Video: Hemodynamics Animation

For a complete list of videos, visit our video library