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Congress created the Treasury Department's Community Development Financial Institutions (CDFI) Fund in 1954. Question 15 options: A) True B) False Question 19 SBA 7(a) loans

Congress created the Treasury Department's Community Development Financial Institutions (CDFI) Fund in 1954.

Question 15 options:

A) True

B) False

Question 19

SBA 7(a) loans are made usually for 1 to 3 years in amounts up to $10,000,000, require collateral, and can be used for most business purposes.

Question 19 options:

A) True
B) False

Question 12 (1 point)

Which of the following statements regarding factoring is not true?

Question 12 options:

A)

receivables lending is the process of factoring

B)

factoring is done at a discount to the third-party purchaser

C)

factoring discounts are often a function of the riskiness of the receivables

D)

factoring speeds the inflow of cash to the seller of the receivables

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