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      Question

      Consider the following statements regarding bridge

      loan: (A) It is a loan made by a bank for a longer period to make up for permanent shortage of cash. (B) It is a loan made by a bank for a short period to make up for a temporary shortage of cash.
      A Only A Correct Answer Incorrect Answer
      B Only B Correct Answer Incorrect Answer
      C Both A and B Correct Answer Incorrect Answer
      D Neither A nor B Correct Answer Incorrect Answer
      E Either A or B Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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