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A construction firm cannot obtain the necessary permits to begin building a shopping mall until it ...

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A construction firm cannot obtain the necessary permits to begin building a shopping mall until it ...

A construction firm cannot obtain the necessary permits to begin building a shopping mall until it can show it either has or will have the necessary funding to complete the project. The firm may ask a bank for which of the following to allow it to obtain the permits?
I. Commercial letter of credit
II. Loan commitment
III. Credit line
IV. Repurchase agreement A) IorII
B) IIorIII
C) IIorIV
D) IIIorIV
E) IorIV

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