The Primary Difference Between a Line of Credit and a Revolving

question 38

Multiple Choice

The primary difference between a line of credit and a revolving credit arrangement is the:

• A) type of collateral used to secure the loan.
• B) length of the time period covered by the loan agreement.
• C) fact that the line of credit is a secured loan and the revolving credit arrangement is unsecured.
• D) fact that the line of credit is an unsecured loan and the revolving credit arrangement is secured.
• E) line of credit is a long-term financing agreement while the revolving credit arrangement is a short-term financing agreement.

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