The loan which is made available for businesses or individuals to buy land, home or other property is classified as ___________?
Correct answer: C. mortgages
- A. secondary loan
- B. primary loan
- C. mortgages
- D. swapped mortgages
Explanation
A mortgage is a loan secured by real property, such as land, a house or another building. “Primary” and “secondary” describe mortgage markets or transactions, not the basic property-backed loan itself.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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