True or False: In general, term loans can be created more quickly than bond issues because they (1) tend to be negotiated directly with the lender, (2) require less formal documentation than bond issues, and (3) are not registered with the Securities and Exchange Commission (SEC).

The correct answer is False

A bank loan is an agreement made between the bank and the customer, where you take a certain amount with the promise to pay in the future, plus interest and, often, in pre-defined installments. The agreement of the amount released for each client, as well as the interest rate, is different between one bank and another and negotiated under the terms of the loan agreement made.

The loaned amount does not need to have a fixed destination, that is, the customer can spend it with whatever he wishes, different from financing and costs, where the customer must have a specific destination for the money released by the bank, as long as he pays on time future installments.

apart from being against desegregation, governor of georgia eugene talmadge opposed as well to the work progress administration, an ambitious program of the "new deal" created by president franklin d. roosevelt to overcome the great depression after world war i. talmadge disagreed with welfare spending, job training and organized labor. according to his ideas, he thought the government was spending too much money on this, and he wasn't willing to accept a wage higher than georgia's lower average wage. besides, talmadge strongly opposed to the "new deal" as he thought it had communist ideas.