A type of borrowing that allows the cardholder to borrow funds from the credit card issuer up to a certain limit.

Chapter 4: Long Term and Short term funds

Quiz
•
Business
•
12th Grade
•
Medium
Justin Mariano
Used 6+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Credit Cards
Lending Companies
Pawnshops
Credit Cooperatives
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Financial institutions that provide several loan products catering to different types of needs.
Credit Cards
Informal lending
Banks
Pawnshops
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Borrowing money from lenders and not giving up ownership
Bank financing
Debt financing
Equity financing
Non-Current financing
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
All of the following are short term sources of funds EXCEPT;
Suppliers Credit
Equity investors
Pawnshops
Credit Cards
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
All of the following are examples of long term source of funds EXCEPT;
Issuance of Common Stock
6 year housing loan
Acquisition of Equipment
Salary Loan
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Read the instructions carefully.Write TRUE if the statement is false and write FALSE if the statement is true.
Lenders evaluate capital to determine if the borrower has enough resources to cover the loan amount in case of default.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Read the instructions carefully.Write TRUE if the statement is false and write FALSE if the statement is true.
Lenders evaluate condition by looking at the latest news articles relating to the borrower's company (if listed), trends in the financial statements, and the business background/company profile.
FALSE
TRUE
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