Q1007
Money lends to corporations by banks is classified as
A.
Eurodollar market deposits
B.
commercial loans
AnswerC.
consumer credit loans
D.
None of the above
Answer: Option B
Solution
Answer: Option B
Solution:
Money lends to corporations by banks is classified as commercial loans. A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank.