A revolving credit commitment gives the borrower assurances of the availability of funds over unexpected period of tight credit in future years.
A. Right
B. Wrong
C. Doesn't say
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Apart from borrowing from hanks, a firm or an individual can obtain funds in a financial market in two ways. The most common method is to issue a (61) , such as a bond or a mortgage, which is a (62) by the borrower to pay the holder of it at (63) until a specified date, when a final payment is made. The (64) of it is the time of expiration date. The second method of raising funds is by issuing (65) , such as common stock, which are claims to share in the net income and the assets of a business.
(46)
A. debt instrument
B. letter of credit
C. letter of guarantee
D. certificate of deposit
A.peculiarB.normalC.\D.particular
A. peculiar
B. normal
C. \
D. particular
A.fail toB.subject toC.efficientlyD.trouble
A. fail to
B. subject to
C. efficiently
D. trouble
An industrial corporate can meet its financial needs by seeking funds from the capital market.
A. Right
B. Wrong
C. Doesn't say