- 1 Marks
BMF – May 2018 – L1 – SA – Q9 – Basics of Business Finance and Financial Markets
Identifying a source of financing negotiated between a bank and a company for a specific duration.
Question
A source of financing, negotiated between a bank and a company for a duration of 4–10 years at a fixed rate of interest, is called:
A. Finance lease
B. Term loan
C. Acceptance credit
D. Factoring of debtors
E. Preference share
Find Related Questions by Tags, levels, etc.
- Tags: Financing, Long-term Financing, Term Loan
- Level: Level 1
- Topic: Basics of Business Finance and Financial Markets
- Series: MAY 2018
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