"A Company Can Borrow Money at a Preset Rate from the Bank

question 51

Multiple Choice

"A company can borrow money at a preset rate from the bank at any time without seeking approval of the loan each time it needs funds" is a description of what type of loan?

• A)Discount loan
• B)Compensating balance loan
• C)Line of credit
• D)Straight loan with preset payment schedule

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Definitions:

Declared

In programming, to specify the type and optionally the initial value of variables or functions before they are used.

Global Variables

Variables defined in a program's global scope, accessible and modifiable from any part of the program.

Physically Placed

Refers to the actual location or arrangement of components within a hardware system or in a specific memory area.

Automatically Accessed

Refers to data or resources that are retrieved or used by a program without explicit instructions from the programmer.