Multiple Choice
A ________ is a type of loan made to a business by a commercial bank. This type of loan is made when the borrower needs additional funds for a short period but does not believe the need will continue or reoccur on a seasonal basis.
A) revolving credit agreement
B) line of credit
C) short-term self-liquidating loan
D) single payment note
Correct Answer:
Verified
Correct Answer:
Verified
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