Asked by Jennifer Esparza on Jun 19, 2024
Verified
Commercial finance companies extend short- and intermediate-term credit to small businesses at an interest rate that is ______ commercial banks.
A) lower than
B) the same as
C) higher than
D) the prime interest given by
Intermediate-Term Credit
Intermediate-term credit involves loans or financial credit with a repayment period typically ranging from one to five years.
- Ascertain the risks and financial implications associated with assorted types of funding.
Verified Answer
SS
Sakshi SarkarJun 23, 2024
Final Answer :
C
Explanation :
Commercial finance companies typically charge higher interest rates than commercial banks because they often lend to businesses that may be considered higher risk.
Learning Objectives
- Ascertain the risks and financial implications associated with assorted types of funding.
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