Which of the Following Is a Committed Line of Credit

question 54

Multiple Choice

Which of the following is a committed line of credit with no fixed maturity?

• A)a bridge loan
• B)evergreen credit
• C)a promissory note
• D)a blanket lien
• E)discount loan

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Definitions:

Cost-Benefit Analysis

A systematic approach to estimate the strengths and weaknesses of alternatives; it is used to determine options that provide the best approach to achieve benefits while preserving savings.

Social Theory

A framework or set of ideas that aims to explain how societies function, change, and develop.

Indirect Costs

Expenses not directly attributable to a specific product or service but necessary for the general operation of a business.

Deontological Theories

Ethical theories positing that the morality of an action depends on its adherence to rules or duties, regardless of the outcome.