Which of the Following Statements Is NOT True?A Line-Of-Credit from a Commercial

question 64

Multiple Choice

Which of the following statements is NOT true?A line-of-credit from a commercial bank:

• A)generally has a maximum stated amount available to the borrower.
• B)generally charges the borrower interest only for the amount actually utilized
• C)once granted generally never needs to be renewed.
• D)is often an alternative to and/or in addition to another form of lending already provided by the bank.

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Definitions:

Studies

Systematic investigations intended to establish facts, acquire knowledge, or reach new conclusions through research and analysis.

Defense Mechanisms

In psychoanalytic theory, the ego’s protective methods of reducing anxiety by unconsciously distorting reality.

Ego

In psychoanalytic theory, the part of the mind that mediates between conscious desires and the constraints of the external world.

Accusations

Accusations are claims or assertions that someone has done something wrong or illegal, typically without providing evidence or proof at the time of the claim.