Indicate whether each of the following statements about lines of credit is true or false.
1. The signing of a line of credit agreement is an asset source transaction
2. Line of credit agreements generally involve a fluctuating rate of interest
3. Interest rates may vary with the rates of US Treasury Bills
4. Line of credit agreements generally have a five-year term
5. Lines of credit frequently are extended at the end of their term by renewing the agreement

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The Answer of Indicate whether each of the following statements about lines of credit is true or false.
1. The signing of a line of credit agreement is an asset source transaction
2. Line of credit agreements generally involve a fluctuating rate of interest
3. Interest rates may vary with the rates of US Treasury Bills
4. Line of credit agreements generally have a five-year term
5. Lines of credit frequently are extended at the end of their term by renewing the agreement

Indicate Whether Each of the Following Statements About Lines of Credit