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papahomer papahomer
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7 years ago
When a commercial bank extends short-term credit to a firm, it can provide a line of credit that involves
A) a legal obligation on the part of the bank to provide the stated credit.
B) no legal obligation on the part of the bank to provide the stated credit.
C) the requirement that the borrower maintain a compensating balance with the bank throughout the loan period.
D) a fixed rate of interest.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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7 years ago
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papahomer Author
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Thanks for your help!!
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