Loans & Lending Practices Skill Assessment
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Loans & Lending Practices MCQ
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Free Sample Questions for Loans & Lending Practices
How does a long term loan received in cash affect a firms quick ratio?
It is not possible to say anything on the basis of the information given
There will be no change
It will decrease
It will increase
Answer:
It will increase
What is meant by the term "Usury"?
Charging people a fair market interest rate based on their credit
Charging people zero interest rate
Financing a car using an auto loan
Charging interest rates in excess of what is standard and customary
Answer:
Charging interest rates in excess of what is standard and customary
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