Pulse

gnment$\_$Ch$3\_$Part$3$

Question $4(10$ points$)$

If current market interest rates are at least $2\%$ below your existing fixed interest$-$rate mortgage, you should consider refinancing.

True

False

Question $5(10$ points$)$

Commercial bank is not a possible provider of working$-,$ or operating$-,$ capital loans.

True

False

Question $6(10$ points$)$

In cash budgeting, a minimum cash balance must be carried each month to allow the firm to pay immediate invoices without necessarily receiving cash inflows.

True

False

Question $7(10$ points$)q,$