a. Describe the different types of loans made by a commercial bank. b. What does a banker
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b. What does a banker need to know in order to decide whether to make a loan?
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a Line of credit is an informal agreement or understanding between the borrower and the bank as to the maximum amount of credit the bank will provide the borrower at any one time A term loan is money ...View the full answer
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Small Business Management Launching & Growing Entrepreneurial Ventures
ISBN: 978-1133947752
17th edition
Authors: Justin Longenecker, William Petty, Leslie Palich, Frank Hoy
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