A(n) ________ Effectively Raises the Interest Cost to the Borrower

question 145

Multiple Choice

A(n) ________ effectively raises the interest cost to the borrower on a line of credit.

• A) operating-change restriction
• B) annual cleanup
• C) compensating balance
• D) commitment fee

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Definitions:

Modern

Pertaining to the current time or most recent period; often associated with being up-to-date, innovative, or advanced.

Negative Stereotype

A generalized and negative assumption made about a group, often leading to prejudice and discrimination.

Gen Y

A demographic cohort also known as Millennials, typically born between the early 1980s and the late 1990s.

Formal

Pertaining to or characterized by strict or conventional forms, manners, or ceremonies.