A commercial finance company is an alternative to a bank as a source of short-term financing
Indicate whether the statement is true or false
TRUE
Explanation: Sometimes, a company is unable to secure a short-term loan from a commercial bank. In these cases, an alternative source of financing is a commercial finance company, a financial institution that makes short-term loans to borrowers who offer tangible assets as collateral. Commercial finance companies provide businesses with loans but are not considered banks.
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The most appropriate description of the strategy that Haley suggests in his Statement #3 is to create a portfolio that:
A. has cash flows concentrated around the horizon date. B. is duration matched but uses cash flow matching in the later years of the liability schedule. C. is duration matched but uses cash flow matching in the initial years of the liability schedule.