 #1 (permalink) Tue Feb 15, 2011 19:52 pm day loans |
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 Business English Lesson, Advanced Level
ESL/EFL Test #369 "Accounting for Depreciation", question 2
A firm buying stock seldom had sufficient money balances to complete the required payments; instead it relied on its bank for ......... loans, but as NYSE volume grew, banks and their regulators became alarmed at the amount of credit being extended to support securities transactions.
(a) day
(b) drop
(c) short
(d) spot
Business English Lesson, Advanced Level
ESL/EFL Test #369 "Accounting for Depreciation", answer 2
A firm buying stock seldom had sufficient money balances to complete the required payments; instead it relied on its bank for day loans, but as NYSE volume grew, banks and their regulators became alarmed at the amount of credit being extended to support securities transactions.
Correct answer: (a) day
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Guys, R U sure that the person who made the Test 273 on depreciation was not stoned? It has nothin 2 do with that accounting principle at all. |
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