8/20/24, 9:58 AM Assessment 1: Attempt review
UNISA 2024 FIN3702-24-S2 Welcome Message Assessment 1
QUIZ
Started on Tuesday, 20 August 2024, 9:51 AM
State Finished
Completed on Tuesday, 20 August 2024, 9:58 AM
Time taken 6 mins 38 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which of the following is appropriate collateral for a loan secured under a floating
inventory lien?
1.
Cars
2.
Paper clips
3. Drill presses
4. File cabinets
Your answer is correct.
The correct answer is:
Paper clips
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21167105&cmid=1002300 1/11
, 8/20/24, 9:58 AM Assessment 1: Attempt review
Question 2
Correct
Mark 1.00 out of 1.00
A firm has issued R2 million worth of commercial paper that has a 90-day maturity
and sells for R1 950 000. The approximate annual interest rate on the issue of
commercial paper is … (assume 365 days in a year).
1. 5%
2. 11%
3. 21%
4. 23%
Your answer is correct.
The correct answer is:
11%
Question 3
Correct
Mark 1.00 out of 1.00
Lenders recognize that by having an interest in collateral they can reduce losses if
the borrowing firm defaults, …
1. and the presence of collateral reduces the risk of default.
2. but the presence of collateral has no impact on the risk of default.
3. therefore, lenders prefer to lend to customers from whom they are able to
require collateral.
4. therefore, lenders will impose a higher interest rate on unsecured short-
term borrowing.
Your answer is correct.
The correct answer is:
but the presence of collateral has no impact on the risk of default.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21167105&cmid=1002300 2/11
UNISA 2024 FIN3702-24-S2 Welcome Message Assessment 1
QUIZ
Started on Tuesday, 20 August 2024, 9:51 AM
State Finished
Completed on Tuesday, 20 August 2024, 9:58 AM
Time taken 6 mins 38 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which of the following is appropriate collateral for a loan secured under a floating
inventory lien?
1.
Cars
2.
Paper clips
3. Drill presses
4. File cabinets
Your answer is correct.
The correct answer is:
Paper clips
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21167105&cmid=1002300 1/11
, 8/20/24, 9:58 AM Assessment 1: Attempt review
Question 2
Correct
Mark 1.00 out of 1.00
A firm has issued R2 million worth of commercial paper that has a 90-day maturity
and sells for R1 950 000. The approximate annual interest rate on the issue of
commercial paper is … (assume 365 days in a year).
1. 5%
2. 11%
3. 21%
4. 23%
Your answer is correct.
The correct answer is:
11%
Question 3
Correct
Mark 1.00 out of 1.00
Lenders recognize that by having an interest in collateral they can reduce losses if
the borrowing firm defaults, …
1. and the presence of collateral reduces the risk of default.
2. but the presence of collateral has no impact on the risk of default.
3. therefore, lenders prefer to lend to customers from whom they are able to
require collateral.
4. therefore, lenders will impose a higher interest rate on unsecured short-
term borrowing.
Your answer is correct.
The correct answer is:
but the presence of collateral has no impact on the risk of default.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21167105&cmid=1002300 2/11
