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    Principles of Managerial Finance
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    Exam 16: Current Liabilities Management
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    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 77

Question 77

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 credit worthiness of a customer each time it borrows money.

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