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A Prearranged,short-Term Bank Loan Up to a Specified Limit,made on a Formal

Question 22

Multiple Choice

A prearranged,short-term bank loan up to a specified limit,made on a formal or informal basis,is called a:

A) letter of credit.
B) cleanup loan.
C) compensating balance.
D) line of credit.
E) roll-over.

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