True/False
The major attraction of a line of credit from the bank's point of view is that it eliminates the need to examine the credit worthiness of a customer each time it borrows money.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q72: Tangshan Mining issued $1,000,000 of commercial paper
Q73: For firms that are able to raise
Q74: The prime rate of interest fluctuates with
Q75: If possible, it would be a more
Q78: A _ is an agreement between a
Q79: Appropriate collateral for a loan secured under
Q80: If one borrows $1,000 at 8 percent
Q81: The interest rate charged on a secured
Q97: Collateral is typically required for a _.<br>A)
Q131: A single-payment note is a secured fund