Mr. Jacobs obtained a loan from the local bank to purchase seed and fertilizer. Which of the following was the?


Share |

I think the answer is C. Is that right? If not, please explain. Mr. Jacobs obtained a loan from the local bank to purchase seed and fertilizer. Which of the following was the bank’s MOST important consideration in giving Mr. Jacobs a loan? A the amount of farming experience he had B the value of his...


Banks in Farmland, IN



Answer (3):

Aleconomixt

B the value of his farmland and equipmen

Anjaree

It is B. Jacob might be a German,but he has to mortgage his property to get the loans. And the banks will give usually the loans only 80% of the estimated mortgage value.

Richard B

for the bank B, so it could sell the property if he defaulted
the answer should be a,c,d

to see if he was a good business risk


Relevant answer in Farmland, IN