Commercial finance companies extend short- and intermediate-term credit to small businesses at an interest rate that is ______ commercial banks.

A) lower than
B) the same as
C) higher than
D) the prime interest given by

Question

Sakshi Sarkar · Accepted Answer

Final Answer : C, Explanation :  Commercial finance companies typically charge higher interest rates than commercial banks because they often lend to businesses that may be considered higher risk.

Commercial finance companies extend short- and intermediate-term credit to small businesses at an interest rate that is ______ commercial banks.

A) lower than
B) the same as
C) higher than
D) the prime interest given by

Definitions

Learning Objectives

Learning Objectives

Related questions

Commercial finance companies extend short- and intermediate-term credit to small businesses at an interest rate that is ______ commercial banks.A) lower thanB) the same asC) higher thanD) the prime interest given by

Definitions

Learning Objectives

Learning Objectives

Related questions

Commercial finance companies extend short- and intermediate-term credit to small businesses at an interest rate that is ______ commercial banks.

A) lower than
B) the same as
C) higher than
D) the prime interest given by