Answered: Commercial banks grant short-term…

Commercial banks grant short-term finance to business firms which is known as __________. a. Institutional credit b. Personal credit c. All d. Bank credit

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter13: Auditing Debt, Equity, And Long-term Liabilities Requiring Management Estimates

Section: Chapter Questions

Problem 3CYBK

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14)

Commercial banks grant short-term finance to business firms which is known as __________.

Institutional credit

Personal credit

All

Bank credit

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