Accrual basis in loan pricing refers to

a. the number of days used to calculate interest

b. the method of accounting used to record the loans

c. the effective yield

d. none of the above

The effective yield on the loan is the least when the loan is priced at

a. nominal rates/365 days

b. 360-day year/30-day months

c. 360-day year/actual number of days

d. 365-days/actual number of days

The prime rate is

a. the base rate on consumer loans

b. the base rate on international loans

c. the base rate conventional loans

d. none of the above

Loans that are used to fill a gap in the time until a specific event occurs are called

a. evergreen facilities

b. bridge loans.

c. floor plans.

d. term loans