Which of the following statements is are false?
A)A working capital loan is used by firms to finance day-to-day operations.
B)A working capital loan is usually unsecured.
C)A working capital loan is usually used to buy current assets or repay debts incurred in purchasing current assets.
D)All of the above.
E)None of the above.

Question

Quizplus · Accepted Answer

Working capital loans are often secured, not usually unsecured, as they may require collateral to mitigate the lender's risk.

Which of the Following Statements Is Are False