Which of the following statements is are false?
A)A transaction loan is negotiated for a specific purpose.
B)A transaction loan is usually done frequently.
C)A transaction loan is normally secured by an asset.
D)The repayment comes from the use of the asset pledged as collateral
E)All of the above

Question

Quizplus · Accepted Answer

A transaction loan is negotiated for a specific purpose, and it is normally secured by an asset. The repayment comes from the use of the asset pledged as collateral. However, it is not usually done frequently, as it is intended for a specific transaction or purpose. Therefore, statement B is false.

Which of the Following Statements Is Are False