In a revolving credit agreement, the borrower typically pays ____ on the ____ portion of the revolving credit agreement.

Question

Quizplus · Accepted Answer

In a revolving credit agreement, the borrower typically pays interest on the unused portion of the credit line, also known as the line of credit fee. This fee is usually between 0.25 to 1.0 percent per year on the unused portion of the credit line. Therefore, choice E is the correct answer.

In a Revolving Credit Agreement, the Borrower Typically Pays ____