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  3. Dodge Household Furniture Co. 25 east Tenth Street Chicago, III May 14, 2008 Mr. Walter Roberts, Office Manager Great Inves

Dodge Household Furniture Co. 25 east Tenth Street Chicago, III May 14, 2008 Mr. Walter Roberts, Office Manager Great Inves

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问题 Dodge Household Furniture Co.
25 east Tenth Street
Chicago, III
May 14, 2008
Mr. Walter Roberts, Office Manager
Great Investment Trust Co.
69 Jones Street, New York
Dear Mr. Roberts,
The unfavorable condition of the market here has compelled us to approach you for a short-term loan of 60, 000 dollars to extricate us from temporary difficulties. We leave it to you to fix the rate of interest.
As we have been doing business to each other’s advantage for so long a time, we trust that you will be kind enough to oblige us with the said amount. We promise to pay back the money as soon as business begins to improve.
Your favorable reply will be highly appreciated by,
Yours very respectfully,
Dodge Household Furniture Co.
(Signed)
Henry Norris
Henry Norris
Manager
                                                              Great Investment Trust Co.
                                                               69 Jones Street, New York
                                                                        May 20, 2008
Mr. Henry Norris, Manager
Dodge Household Furniture Co.
25 east Tenth Street
Chicago, III
Dear Mr. Norris,
We are deeply distressed to learn from your letter that your company is now in an adverse financial situation as a result of business depression and badly in need of a loan. Considering our long-standing clientage of mutual benefit, we deem it our duty to help you out of the present dilemma. Herewith we send you under separate cover a check for the full sum as requested. Please note that the rate of interest is 4 % per month and 4. 5% per quarter. We are confident that your business will soon look up. Wish you very good luck.
Yours very respectfully,
Great Investment Trust Co.
(Signed)
Walter Roberts
Walter Roberts
Office Manager
What kind of the loan did Mr. Norris want?
选项 A、Month-term
B、Quarter-term
C、Short-term
D、Long-term
答案C
解析
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