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For which type of loan does a bank extend credit that is to be used for a specific purpose?

prodeco

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For which type of loan does a bank extend credit that is to be used for a specific purpose?

For which type of loan does a bank extend credit that is to be used for a specific purpose?
A) secured loan
B) unsecured loan
C) line of credit
D) revolving credit agreement
E) transaction loan

Textbook

Business: A Practical Introduction

Business: A Practical Introduction

Edition: 1^st

Authors: Williams, Sawyer, Berston

Read 50 times

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eyemak83

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prodeco Author

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#2

7 years ago

A+ for the explanation

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