The major type of loan made by banks to businesses is the
A. fixed-asset-based loan.
B. short-term secured loan.
C. short-term self-liquidating loan.
D. capital improvement loan.
Answer:C
The major type of loan made by banks to businesses is the
A. fixed-asset-based loan. B. short-term secured loan. C. short-term self-liquidating loan. D. capital improvement loan.