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  3. Study Set
    Practical Financial Management Study Set 1
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    Exam 16: The Management of Working Capital
  5. Question
    A Revolving Credit Agreement and a Line of Credit Are
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A Revolving Credit Agreement and a Line of Credit Are

Question 256

Question 256

True/False

A revolving credit agreement and a line of credit are nearly identical, with the exception that the bank becomes legally obligated when it agrees to a line of credit.

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