One RISK of a Line-Of Credit Is That the Borrower

question 42

True/False

One RISK of a line-of credit is that the borrower is only charged on the amount of the credit that is actually utilized.

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Definitions:

Predict Distractions

The ability to foresee and identify potential disturbances before they occur.

Studying

The act of applying one's mind to learning and understanding a subject, especially by reading, for academic or professional purposes.

Manage Them

The process of handling, directing, controlling, or overseeing individuals or tasks.

Academic Adviser

A professional who provides students with guidance on academic matters such as course selection and degree requirements.