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8 Which of the following statements is TRUE regarding loan security? Review Later It is unnecessary to take security if the company has a good

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8 Which of the following statements is TRUE regarding loan security? Review Later It is unnecessary to take security if the company has a good history with the financial institution Loan security protects the lender's claim against unforeseen and unfavorable events An analyst should aim to secure a loan with one of each type of loan security. Financial institutions should always approve loans if the value of the security can cover the value of the loan

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