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stranahan stranahan
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7 years ago
"A company can borrow money at a preset rate from the bank at any time without seeking approval of the loan each time it needs funds" is a description of what type of loan?
A) Straight loan with preset payment schedule
B) Compensating balance loan
C) Line of credit
D) Discount loan
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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Decrepit_Decrepit_
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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