Identify a true statement about lines of credit financing.Multiple choice question.The loans are usually for 30 to 40 days.The loan must be repaid or reduced to a certain agreed-upon level on a periodic basis.The loans are usually available only to strong, mature companies.The company does not need to pay any fee to ensure that the commercial bank will make the loan when requested.

Identify a true statement about long-term loans.Multiple choice question.The debt incurred is usually repaid according to a floating interest rather than a fixed interest.These loans can make funds available for up to two years.The principal can sometimes start being repaid in the second or third year of the loan, with only interest paid the first year.These loans are often used for seasonal financing and for building up inventories.

When do private student loan repayments begin?Group of answer choicesA loan that allows you to combine debts into a single loan.A longer term loan (e.g., 3–5 years) that allows you to purchase a car.It depends — most require interest payment as soon as the loan is taken out and some may require principal repayments at that time too.Only upon completion your graduate degree (MA, MS, or PhD).

When a credit card is marketed as providing a 44 days interest free period, it means that A.44 days is the minimum length free loan you can get for a purchase with the credit card.B.44 days is the maximum length free loan you can get for a purchase with the credit card.C.14 days is the maximum length free loan you can get for a purchase with the credit card.D.30 days is the minimum length free loan you can get for a purchase with the credit card.

Repayment of a Direct PLUS Loan begins:A.after one year.B.at the end of six months.C.60 days after the loan has been fully disbursed.D.as soon as the first part of the loan is disbursed.

Multiple Choice QuestionJarek runs a small manufacturing company. He thinks over the next year he might need to borrow approximately $25,000 for upgrades to his business. He has decided to make an arrangement with the bank for (a) _____, which will allow him to borrow various amounts over time, not to exceed $25,000, if he needs it.Multiple choice question.credit cardline of creditsecured loantrade credit