Multiple choice

Term loans means Loans:

  1. Payable after one year to ten year

  2. Repayment are done in instalments

  3. Term loans are utilised for acquisition of fixed assets

  4. All of above

  5. only 1 and 2 are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Term loans are payable after one year to ten years and repayments  are done in  instalments . Term deposits are utilised for acquisition of fixed assets.

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