Multiple Choice
Compared to a line of credit, a revolving credit agreement will be ________ for a firm.
A) a lower cost, higher risk method of short-term borrowing
B) a lower cost, lower risk method of short-term borrowing
C) a higher cost, higher risk method of short-term borrowing
D) a higher cost, lower risk method of short-term borrowing
Correct Answer:
Verified
Correct Answer:
Verified
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