1 mason corporation borrows funds for the expansion of its, Ask an Expert

Finance

1. Mason Corporation borrows funds for the expansion of its business. The loan is secured with the office building. Therefore, the office building serves as _____ for the loan.

a debt

a corporate deposit

a collateral

an insurance

a liability

2. The frequency of longer-term installment loans carrying variable interest rates is increasing.

true

false

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92639385

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