An Important Difference Between Revolving Credit and a General Line

question 44

Multiple Choice

An important difference between revolving credit and a general line of credit is

• A)that a bank has a legal obligation to honor a general line of credit.
• B)that a bank receives a commitment fee for guaranteeing the funds under a general line of credit.
• C)the commitment fees on a general line of credit are generally higher than the commitment fees on a revolving line of credit.
• D)that a bank has a legal obligation to honor a revolving line of credit.
• E)that there are no differences between a general line of credit and a revolving line of credit.

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Definitions:

Tarry Feces

Refers to stool that is dark and sticky, often resembling tar, which can indicate gastrointestinal bleeding.

Digested Blood

Blood that has been broken down and metabolized, often referring to its appearance in medical contexts.

Gloss/o

A prefix related to the tongue, often used in medical terms related to the tongue or speech.

Hepat/o

A prefix used in medical terminology to refer to the liver, utilized in terms denoting liver-related conditions or anatomy, such as hepatitis (inflammation of the liver).