Busi 100

CBI Exam Notes: Chapter 3- Principles and Practice of Bank Lending QUESTIONS AND CORRECT DETAILED ANSWERS Last document update:   ago

What is lending? - Lending can be defined as the giving of an asset with the expectation that an equivalent value will be returned at a future point of time. How are loans treated in financial statements? - A loan is an asset for the lender (creditor) and a liability for the borrower (debtor) In regards to loans, what is the principal? - The principal is the amount of the loan What are the different types of interest for loans? - - fixed interest: where rates are fixed for a specified peri...

BUSI 100 questions with correct answers Last document update:   ago

Thoreau notes that most of his townsmen have learned to read not only to keep accounts and not be cheated in trade but also as a noble intellectual exercise - Answer False Brad has no personal connection to which (singstreet, sandlot, yo gabba gabba) - Answer Sing street Plato felt that the fundamental key in the development of an economy was - Answer More things are produced and better and more easily when one man performs one task according to nature at the right moment and at leisure fr...