A ___________ Is an Informal Arrangement Between a Bank and a Business

question 279

Multiple Choice

A ___________ is an informal arrangement between a bank and a business that allows the firm to periodically borrow up to a pre-specified limit.

• A) Non-committed operating loan.
• B) Committed operating loan.
• C) Banker's acceptance.
• D) Long-term loan commitment.
• E) Field warehouse financing arrangement.

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Definitions:

Vision

The faculty or state of being able to see with the eyes, and also the way in which one sees or conceives of something.

Memory

The cognitive function that enables the storage, retention, and recall of information over time.

Macular Degeneration

A substantial loss of cells in the center area of the retina (the macula), causing blurring and eventual loss of central vision; its onset is influenced by heredity and environmental factors.

Carotenoids

A class of pigments found naturally in plants, responsible for their yellow, orange, and red colors, and beneficial for human health.