A bank's commitment (for a specified future period of time)to provide a firm with loans up to a given amount at an interest rate that is tied to a market interest rate is called

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A bank's commitment to provide a firm with loans up to a given amount at an interest rate that is tied to a market interest rate is called a line of credit. This provides the firm with access to funds without having to go through the loan approval process each time they need money.

A Bank's Commitment (For a Specified Future Period of Time)to