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prodeco prodeco
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6 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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6 years ago
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prodeco Author
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6 years ago
Thank you, thank you, thank you!
prime7105
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
rudy.zondo
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2 hours ago
This helped my grade so much Perfect
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