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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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