11-58 Revolving loans are credit lines
A) that allow the borrower to borrow the repeat credit only after the first loan is repaid.
B) that specify a maximum size and a maximum period of time over which the borrower can withdraw funds.
C) whose interest rate adjusts with movements in an underlying market index interest rate.
D) on which a borrower can both draw and repay many times over the life of the loan contract.
E) that include new and used automobile loans,mobile home loans,and fixed-term consumer loans.
Correct Answer:
Verified
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