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  3. Study Set
    Principles of Managerial Finance
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    Exam 16: Current Liabilities Management
  5. Question
    Because the Bank Guarantees the Availability of Funds, a Commitment
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Because the Bank Guarantees the Availability of Funds, a Commitment

Question 149

Question 149

True/False

Because the bank guarantees the availability of funds, a commitment fee is normally charged on a simple line of credit agreement.

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