Ch16 True and False - A Bloom's Taxonomy: Knowledge B...

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True / False Questions T 24. (p. 494) Trade credit is the most widely used source of short-term financing. TRUE AACSB: Reflective Thinking A Bloom's Taxonomy: Knowledge B Difficulty: Easy D Learning Objective: 2 L 25. (p. 494) Principal is the amount of money a business pays to use a bank's funds. FALSE AACSB: Reflective Thinking A Bloom's Taxonomy: Knowledge B Difficulty: Easy D Learning Objective: 2 L
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26. (p. 494) Lenders first evaluate a borrower's history of borrowing and repaying loans by looking at the borrower's past credit history. TRUE AACSB: Reflective Thinking
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Unformatted text preview: A Bloom's Taxonomy: Knowledge B Difficulty: Easy D Learning Objective: 2 L 27. (p. 494) Unsecured loans are backed by collateral that the lender can claim if the borrower does not repay the loan. FALSE AACSB: Reflective Thinking A Bloom's Taxonomy: Knowledge B Difficulty: Medium D Learning Objective: 2 L 28. (p. 494) Interest is a percentage of the principal that the bank charges for use of its money. TRUE AACSB: Reflective Thinking A Bloom's Taxonomy: Knowledge B Difficulty: Easy D Learning Objective: 2 L...
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Ch16 True and False - A Bloom's Taxonomy: Knowledge B...

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