Multiple Choice
In general,
A) a revolving credit agreement is more expensive but less risky to the firm than a line of credit.
B) a revolving credit agreement is more expensive and more risky to the firm than a line of credit.
C) a revolving credit agreement is less expensive and less risky to the firm than a line of credit.
D) a revolving credit agreement is less expensive but more risky to the firm than a line of credit.
Correct Answer:
Verified
Correct Answer:
Verified
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