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  3. Study Set
    Financial Management Theory and Practice Study Set 1
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    Exam 17: Working Capital Management and Short-Term Financing
  5. Question
    An Informal Line of Credit and a Revolving Credit Agreement
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An Informal Line of Credit and a Revolving Credit Agreement

Question 119

Question 119

True/False

An informal line of credit and a revolving credit agreement are similar except that a line of credit creates a legal obligation for the bank.

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