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Which of the following statement is incorrect? Many of the short-term loans obtained from banks are self-liquidating: Most of the answers are correct. Commercial paper

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Which of the following statement is incorrect? Many of the short-term loans obtained from banks are self-liquidating: Most of the answers are correct. Commercial paper is secured debt issued by small firms. Self-liquidating loan is a loan that is used to acquire assets that generate enough cash to pay off the loan. Payday loans have extremely high interest rates

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