Commercial banks lend unsecured short-term funds in the following three basic ways.
A. Single-payment note, lines of credit, and commercial paper.
B. Single-payment note, lines of credit, and revolving credit agreements.
C. Single-payment note, revolving credit agreements, and commercial paper.
D. Commercial paper, lines of credit, and revolving credit agreements.
Answer:B
Commercial banks lend unsecured short-term funds in the following three basic ways.
A. Single-payment note, lines of credit, and commercial paper. B. Single-payment note, lines of credit, and revolving credit agreements. C. Single-payment note, revolving credit agreements, and commercial paper. D. Commercial paper, lines of credit, and revolving credit agreements.