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    Principles of Managerial Finance
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    Exam 16: Current Liabilities Management
  5. Question
    The Major Attraction of a Line of Credit from the Bank's
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The Major Attraction of a Line of Credit from the Bank's

Question 60

Question 60

True/False

The major attraction of a line of credit from the bank's point of view is that it eliminates the need to examine the creditworthiness of a customer each time it borrows money within the year.

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