Which of the Following Observations Is True of a Spot

question 81

Multiple Choice

Which of the following observations is true of a spot loan?

• A)It involves a maximum size and a maximum period of time over which the borrower can withdraw funds.
• B)It involves immediate withdrawal of the entire loan amount by the borrower.
• C)It is an unsecured short-term debt instrument issued by corporations.
• D)It is a nonbank loan substitute.
• E)It is a line of credit.

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