The major attraction of a line of credit from the bank's point of view is that it eliminates the need to examine the credit worthiness of a customer each time it borrows money.

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This statement is true. With a line of credit, the bank establishes a credit limit based on the customer's credit history and financial standing. The customer can then borrow money up to that limit without having to go through the credit approval process each time. This saves time and resources for the bank and makes borrowing more convenient for the customer.

The Major Attraction of a Line of Credit from the Bank's