A Line of Credit Is a Short-Term Loan Used in a Business

question 62

True/False

A line of credit is a short-term loan used in a business to help with financing fixed assets.

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Definitions:

Independence Movements

Political campaigns, often involving conflict, by which colonial or controlled territories seek to gain sovereignty and self-governance.

Latin America

A region in the Western hemisphere, primarily speaking Spanish, Portuguese, and French, encompassing countries in both South and Central America, as well as the Caribbean.

Economic Development

The process by which the overall health, well-being, and academic level of the general population of a specific area or country improves.

Disfranchisement

The act of denying someone the right to vote in public elections, often based on legal, socioeconomic, or racial criteria.