A ________ Is a Type of Loan Made to a Business

question 166

Multiple Choice

A ________ is a type of loan made to a business by a commercial bank. This type of loan is made when the borrower needs additional funds for a short period but does not believe the need will continue or reoccur on a seasonal basis.

• A) revolving credit agreement
• B) line of credit
• C) short-term self-liquidating loan
• D) single payment note

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Definitions:

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