An arrangement in which a third party promises to be primarily liable with the borrower for the payment of the borrower's debt is referred to as a(n) ________
A) garnishment
B) accommodation
C) surety arrangement
D) guaranty arrangement
C
Business
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During which stage of the listening process does the listener analyze the quality of the information?
A) Receiving B) Decoding C) Remembering D) Evaluating E) Responding
Business
The nominal interest rate is 7% and the expected inflation rate is 2%. Based on the Fisher effect, the
real rate of interest is A) 6.86%. B) 5.0%. C) 4.9%. D) 5.1%.
Business