Which Is True About Lines of Credit

question 46

Multiple Choice

Which is true about lines of credit?

• A)The company generally must repay the credit line in full monthly.
• B)The borrower can borrow up to an agreed upon limit.
• C)Interest is charged on the full amount of the agreed upon limit.
• D)Lines of credit are particularly useful for steady income businesses that have very little volatility in revenue.

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Definitions:

News Release

An official statement issued to newspapers and other media for the purpose of providing information, an announcement, or making an official statement.

Descriptive Sentences

Sentences that provide detailed descriptions about characters, settings, or events, creating vivid images in the reader's mind.

Body Of Message

The main content or central part of a communication, excluding the introduction and conclusion.

Multiple Requests

The occurrence of several appeals or petitions being made simultaneously or in quick succession.