Nowadays a private business usually obtains its working capital through a commercial bank.
A. Right
B. Wrong
C. Doesn't say
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The term-loan agreement specifies a draw-down period of, say, up to two years, during which the funds must be used by the borrower; otherwise the borrower is not allowed to draw down any unused credit.
A. Right
B. Wrong
C. Doesn't say
The PBC can exercise examination of a commercial bank at any time.
A. Right
B. Wrong
C. Doesn't say
A member staff of the PBC should present his legitimate certificate for on-site examination.
A. Right
B. Wrong
C. Doesn't say
______ are bonds which carry a rate of interest and give the owner the right to exchange the bonds at some stage in the future into ordinary shares according to a prearranged formula.
A. Treasury bonds
B. Corporate bonds
Convertible bonds
D. Revenue bonds