With a line of credit, a business knows the maximum amount of money it will be able to borrow, but only if the bank has the money available to lend.

Name: With a line of credit, a business knows the maximum amount of money it will be able to borrow, but only if the bank has the money available to lend.
Brand: Quizplus
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Question

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A line of credit provides a business with a maximum borrowing limit, but the actual funds available to borrow depend on the bank's available funds.

With a Line of Credit, a Business Knows the Maximum