Mort approached the chief lending officer at First Virginia Bank about obtaining a $75,000 loan. The banker said she would approve the loan provided that the funeral home's building was pledged as collateral. The banker was offering a(n):.
A. trade credit agreement.
B. institutional loan.
C. secured loan.
D. revolving credit agreement
Answers: 2
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Mort approached the chief lending officer at First Virginia Bank about obtaining a $75,000 loan. The...
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