Multiple Choice
A ________ is an agreement between a commercial bank and a business that states the maximum amount of unsecured short-term borrowing the bank will make available to the firm over a given period of time, provided sufficient funds are available.
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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