a. Describe the different types of loans made by a commercial bank. b. What does a banker

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a. Describe the different types of loans made by a commercial bank.
b. What does a banker need to know in order to decide whether to make a loan?

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Small Business Management Launching & Growing Entrepreneurial Ventures

ISBN: 978-1133947752

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Authors: Justin Longenecker, William Petty, Leslie Palich, Frank Hoy

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Question Posted: Jan 14, 2015 09:32 AM

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a. Describe the different types of loans made by a commercial bank. b. What does a banker

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a Line of credit is an informal agreement or understanding between the borrower and the bank as to the maximum amount of credit the bank will provide the borrower at any one time A term loan is money ...View the full answer

Small Business Management Launching & Growing Entrepreneurial Ventures

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