Andrew,a pharmacist,realized that he should stock extra supplies of a particular medicine to respond to an outbreak of a particular infection in the city.Lacking sufficient capital to purchase the extra inventory,he borrowed a predetermined sum of money from his bank.Which of the following sources of funding does this scenario best illustrate?

Question

Quizplus · Accepted Answer

Andrew borrowing a predetermined sum of money from his bank to stock extra supplies illustrates the use of a line of credit. A line of credit is a flexible loan from a bank that has a maximum limit and can be drawn upon as needed.

Andrew,a Pharmacist,realized That He Should Stock Extra Supplies of a Particular