Which of the following is NOT true of restrictive covenants?
A) They sometimes require borrowers to maintain the value of collateral offered to the lender.
B) They increase the marketability and liquidity of loans.
C) They sometimes require a borrower to maintain a certain minimum level of net worth.
D) They sometimes limit a borrower's risk taking.
B
Economics
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The concept of economic rent can be applied to
A) land only. B) land and natural resources only. C) land, natural resources, and paintings by dead masters only. D) any resource that cannot be replicated exactly.
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The long-run industry supply curve in a decreasing-cost, perfectly competitive industry is
A) negatively sloped. B) perfectly elastic. C) positively sloped. D) perfectly inelastic.
Economics