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stranahan stranahan
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7 years ago
A ________ type of loan is similar to a line of credit. However, even though only a portion of the loan is available to the borrower, interest is paid on the entire face value of the loan.
A) line of credit
B) compensating balance loan
C) discount loan
D) straight loan with preset payment schedule
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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FatherHyenaFatherHyena
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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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