The Primary Difference Between a Line of Credit and a Revolving

Multiple Choice

The primary difference between a line of credit and a revolving credit arrangement is the

A) length of the time period covered by the loan agreement.
B) type of collateral used to secure the loan.
C) fact that the line of credit is a secured loan and the revolving credit arrangement is unsecured.
D) fact that the line of credit is an unsecured loan and the revolving credit arrangement is secured.
E) fact that the revolving credit arrangement requires a cleanup period but the line of credit does not.