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ProStar Desks Needs to Double the Size of Its Fleet

Question 21

Multiple Choice

ProStar Desks needs to double the size of its fleet of delivery vehicles. Its bank provides the owners with a $500,000 credit to use for their vehicle order. This credit isbest described as


A) a line of credit.
B) a promissory note.
C) angel investing.
D) a transaction loan.
E) commercial paper.

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