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Title: What is the difference between a line of credit and a revolving credit agreement? Post by: Tesy on Oct 11, 2017 What is the difference between a line of credit and a revolving credit agreement?
A) A line of credit is only obtainable from a credit union, while a revolving credit agreement is only obtainable from a bank. B) There is no guarantee that the money will be available when it is requested in a line of credit, but there is an agreement that it will be available when requested in a revolving credit agreement. C) A line of credit is normally used by charitable and public-sector organizations, while a revolving credit agreement is usually used by private-sector business firms. D) More money can be borrowed with a line of credit than with a revolving credit agreement. E) All of these are correct. Title: Re: What is the difference between a line of credit and a revolving credit agreement? Post by: Byprivate on Oct 11, 2017 Content hidden
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