The Type of Credit That Allows the Use of One

question 68

Multiple Choice

The type of credit that allows the use of one credit instead of many to be used with the maximum amount available during a certain period of time is called:

• A) A revolving credit.
• B) An irrevocable credit.
• C) A standby credit.
• D) A transferable credit.

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Definitions:

Syllogisms

Logical arguments that deduce a conclusion from two premises, often used in deductive reasoning to test the validity of statements.

Heroic Figure

An individual admired for their courage, outstanding achievements, or noble qualities, often featured in literature or history.

Conclusion

The final part of something, especially an argument or a piece of writing, summarizing the main points or deducing some consequence.

Valid

In logic, pertaining to an argument in which, assuming the premises are true, the conclusion necessarily follows.