The bank line of credit is:
A) the type of business activity on which a particular bank concentrates its lending
B) the maximum amount of credit extended to a business customer during a period of one year
C) the average of loans made to a business customer during a year
D) the loan limit that a bank has established for a business customer
Correct Answer:
Verified
Q57: Tea leaves would be a type of
Q58: New cars would be a type of
Q59: When accounts receivable are pledged: money is
Q60: With a trust receipt lean, the bank
Q61: Current assets less current liabilities.
A) Working liabilities
B)
Q63: Permanent current assets are:
A) accounts receivable that
Q64: The largest providers of short-term financing are:
A)
Q65: Spontaneous financing refers to:
A) financing provided by
Q66: When old short-term debt is replaced by
Q67: Which of the following are typical financing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents