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Banks offer following short-term, loans, EXCEPT:
Suggested Answer: D
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31 comments · newest first
RY
Ryan
10 months ago
Totally agree, D is the right answer!
IS
Isabelle
10 months ago
TANs are short-term loans too, so this is tricky!
JA
Jacquelyne
10 months ago
A line of credit is definitely a short-term loan.
AL
Alaine
10 months ago
I think BANs are actually for long-term financing, right?
JO
Jose
10 months ago
Wait, are you sure none of these are exceptions? Sounds off.
OW
Owen
11 months ago
I’m a bit uncertain, but I think I saw a practice question that mentioned TANs as short-term loans.
DA
Daniel
11 months ago
I feel like "None of these" could be the answer since all the options listed are types of short-term loans.
ST
Stephaine
11 months ago
I remember studying about BANs and TANs, and they both seem like short-term financing options.
AV
Avery
11 months ago
I think a line of credit is definitely a short-term loan, but I'm not sure about the others.
LA
Lashandra
11 months ago
I feel pretty confident about this. The key is to identify the one option that doesn't match the others in terms of the type of short-term loan.
JO
Jody
12 months ago
This is a tricky one. I'm going to have to think it through step-by-step to make sure I don't miss anything.
MA
Malcolm
12 months ago
Okay, I think I've got a strategy for this. I'll first identify the common types of short-term loans that banks offer, then eliminate the ones that fit that description.
TO
Tori
1 year ago
Hmm, I'm a little unsure about this one. The options seem pretty similar, so I'll need to really focus on the key differences between them.
SV
Svetlana
1 year ago
This looks like a pretty straightforward question. I'll just need to carefully read through the options and identify the one that doesn't match the others.
XO
Xochitl
2 years ago
I'm not sure, but I think B) Bond anticipation notes may not be offered as short-term loans by banks.
EV
Eve
2 years ago
I agree with Julio, because all the other options are types of short-term loans offered by banks.
NA
Na
2 years ago
C) Tax anticipation notes. Because who doesn't love paying taxes early? Yay, bureaucracy!
KI
Kimbery
2 years ago
D) None of these
KA
Kassandra
2 years ago
C) Tax anticipation notes (TANs) or revenue anticipation of taxes or other revenue that will be received
DY
Dyan
2 years ago
B) Bond anticipation notes (BANs) in anticipation of future long-term financing
ED
Edna
2 years ago
A) A line of credit against which a specified dollar amount may be drawn with interest paid, usually monthly
JU
Julio
2 years ago
I think the answer is D) None of these.
SL
Slyvia
2 years ago
Ooh, this one's tricky. I'm going to have to go with my gut and say D) None of these. Banks love to throw curveballs like that!
MA
Marjory
2 years ago
A) A line of credit. That's the classic short-term bank loan, easy peasy.
FR
Francis
2 years ago
I'm going with B) Bond anticipation notes. Who doesn't love a good BAN, am I right?
HU
Huey
2 years ago
Mollie: Yeah, B) Bond anticipation notes might not be as reliable.
MO
Mollie
2 years ago
I agree, A) seems more practical.
NI
Nilsa
2 years ago
I think A) A line of credit is a better option.
FR
France
2 years ago
D) None of these. Banks definitely offer all of those short-term loan options. This one's a trick question!
IR
Ira
2 years ago
User 2
MI
Mila
2 years ago
User 1