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Which of the Following Statements Is True

Question 26

Multiple Choice

Which of the following statements is true?


A) A line of credit facility is a credit facility with a maximum size and a minimum period of time over which the borrower can withdraw funds.
B) A line of credit facility is a credit facility with a minimum size and a minimum period of time over which the borrower can withdraw funds.
C) A line of credit facility is a credit facility with a maximum size and a maximum period of time over which the borrower can withdraw funds.
D) A line of credit facility is a credit facility with a minimum size and a maximum period of time over which the borrower can withdraw funds.

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