A clause in a loan contract disallowing the borrower from acquiring other companies during the term of the loan is an example of a
A) guarantee.
B) collateral agreement.
C) restrictive covenant.
D) moral hazard.
C
Economics
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The short-run aggregate supply curve is positively sloped because
A) real interest rates rather than nominal rates are used. B) no price adjustments take place in the short-run. C) complete price adjustments take place in the short-run. D) some price adjustments take place in the short-run.
Economics
A common resource is nonrival but excludable
Indicate whether the statement is true or false
Economics