Advertisements
Advertisements
Question
______ are generally secured by assets or guarantees.
Options
Cash credit
Overdraft
Discounting of bills
Loans
MCQ
Fill in the Blanks
Advertisements
Solution
Loans are generally secured by assets or guarantees.
Explanation:
Banks now offer loans to business firms for medium term. Loans are generally secured by assets or guarantees. The borrower may be asked to repay in lump sum or in instalments.
shaalaa.com
Is there an error in this question or solution?
