After Much Searching, Mort Located an Old Banking Friend of His

question 127

Multiple Choice

After much searching, Mort located an old banking friend of his father's. The banker offered Mort up to $25,000 in unsecured funds, which Mort's firm could borrow any time within a year, as long as the bank has the money available. Mort was offered a(n)

• A) revolving credit agreement.
• B) asset guarantee pledge.
• C) pledging agreement.
• D) line of credit.

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Definitions:

Allure

The quality of being powerfully and mysteriously attractive or fascinating.

Production Code

A set of industry moral guidelines that was applied to most United States motion pictures released by major studios from 1930 to 1968, also known as the Hays Code.

Self-censorship

The act of censoring or withholding one's own speech or written work to avoid offending others or infringing upon standards of propriety.

Catholic Legion of Decency

A Roman Catholic organization founded in 1933 that rated films based on their moral content, influencing the viewing habits of American Catholics.