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Home Q & A Board Other Fields Homework Help Business
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prodeco prodeco
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7 years ago
How is a revolving credit agreement different from a line of credit?
A) Only in a revolving credit agreement does the bank guarantee the loan and is the bank obligated to loan funds up to the credit limit.
B) Only in a revolving credit agreement does the bank specify how much it is willing to lend the borrower.
C) Only in a revolving credit agreement is the borrower asked to produce a credit report.
D) Only in a revolving credit agreement does the bank specify a period of time for the loan.
E) Only in a revolving credit agreement does the borrower provide some form of collateral.
Textbook 
Business: A Practical Introduction

Business: A Practical Introduction


Edition: 1st
Authors:
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eyemak83eyemak83
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7 years ago
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prodeco Author
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7 years ago
This site is awesome
courtneyrmcd
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You make an excellent tutor!
carston
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2 hours ago
Thanks
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