A Line of Credit Can Be Either a Formal or Informal

question 19

True/False

A line of credit can be either a formal or informal agreement between borrower and bank regarding the maximum amount of credit the bank will extend to the borrower subject to certain conditions.

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Definitions:

Ethnomethodologists

Researchers specializing in ethnomethodology, a branch of sociology focused on the ways people make sense of their everyday life through social norms and practices.

Ethnomethodological Analysis

A method of sociological analysis that studies how people use everyday interactions to construct a shared social reality.

Applause

The act of clapping hands together to show appreciation or approval, often used by audiences to commend performers or speakers.

Positive Point

An affirmative or advantageous aspect, characteristic, or feature of something.