A business receives a three year line of credit against which it can borrow,repay,and borrow again if necessary during the loan's three year term.What type of loan is this?
A) Self-liquidating inventory loan
B) Working capital loan
C) Security dealer financing
D) Revolving credit financing
E) None of the options is correct.
Correct Answer:
Verified
Q91: Recent federal guidelines put in place by
Q92: A security dealer requires credit to add
Q93: Banks frequently bid on the opportunity to
Q94: Term loans normally are secured by:
A)fixed assets.
B)accounts
Q95: Credit is extended to a company up
Q97: A bank that is examining the ratio
Q98: A loan or line of credit extended
Q99: The most common sources that lenders look
Q100: A bank that wants to examine the
Q101: SNCs are also known as:
A)working capital loans.
B)asset-backed
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