1-5 True or False

. A penalty is being charged by lenders for non-payment on time or In case of payment beyond agreed due date. . Sources are truly the lifeline for any company. In housing loan, banks will hold the mortgage property as collateral until payments are made . A personal loan requires the borrower to have some sort of collateral as payment security for loan lenders. . One must he a Filipino citizen in availing all types of loan. Directions: Read carefully the need/activity scenario in the table below and answer the table on a separate sheet of blank paper. Write STF if it is short-term financing and LTF if it is long term financing. Need/Activity Type of Financing Loan for sari-sari store supplies Housing Loan Emergency loans (advances) Loan for agricultural needs (i.e. palay production, mango, etc.) Purchase of inventory for a clothing shop Acquisition of equipment Franchise of a fast-food outlet Loan for purchase of a commercial space Development of a subdivision Auto-loan