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Revolving credit agreements are ________. (Multiple Choice)

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Revolving credit agreements are ________. (Multiple Choice)

Revolving credit agreements are ________.
A) guaranteed loans that specify the maximum amount that a firm can owe the bank at any point in time
B) non-guaranteed loans that specify the maximum amount that a firm can owe the bank at any one time
C) credit arrangements made in cooperation with suppliers that allows a firm to roll over accounts payable each month
D) short-term, unsecured promissory notes issued by a firm with a high credit standing

Textbook

Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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