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In a Revolving Line of Credit,where a Customer Is Subject

Question 142

Multiple Choice

In a revolving line of credit,where a customer is subject to high fees and interest costs and is required to make only a small portion of total debt owed,usually called "minimum payment",often results in:


A) amortization of debt.
B) negative amortization of debt.
C) depreciation of debt.
D) cumulative depreciation of debt.
E) prepayment of debt.

Correct Answer:

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