________ is an arrangement in which a financial institution makes money available for use at any time after the loan has been approved.
A) Corporate bond
B) Factoring
C) Line of credit
D) Lease agreement
E) Commercial paper

Question

Quizplus · Accepted Answer

A)Line of credit is an arrangement in which a financial institution makes money available for use at any time after the loan has been approved. It is a common example of an unsecured loan.
B)Line of credit is an arrangement in which a financial institution makes money available for use at any time after the loan has been approved. It is a common example of an unsecured loan.
C)Line of credit is an arrangement in which a financial institution makes money available for use at any time after the loan has been approved. It is a common example of an unsecured loan.
D)Line of credit is an arrangement in which a financial institution makes money available for use at any time after the loan has been approved. It is a common example of an unsecured loan.
E)Line of credit is an arrangement in which a financial institution makes money available for use at any time after the loan has been approved. It is a common example of an unsecured loan.

________ Is an Arrangement in Which a Financial Institution Makes