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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