If an entrepreneur obtains a commercial bank loan to finance a new venture, s/he is often required to
A). provide collateral.
B). close savings accounts.
C). relinquish contracts.
D). charge the prime-interest rate.
Answer:A
If an entrepreneur obtains a commercial bank loan to finance a new venture, s/he is often required to
A). provide collateral. B). close savings accounts. C). relinquish contracts. D). charge the prime-interest rate.