Which of the Following Bank Loans/agreements Requires a Fee Even

question 261

Multiple Choice

Which of the following bank loans/agreements requires a fee even if no money is borrowed?

• A)Promissory note
• B)Line of credit
• C)Revolving credit agreement
• D)Compensating balance
• E)None of the above has fees if no money is borrowed.

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Definitions:

Employed Category

A classification for individuals who are currently holding a job or are in employment.

Unemployed Category

A classification used in labor statistics to describe individuals who are not currently employed but are actively seeking employment.

Not in the Labor Force

Individuals not in the labor force are those who are not seeking employment and are not currently employed, including retirees, students, and homemakers.

Employed Category

A classification within the labor force that includes all individuals who are gainfully employed, either in full-time or part-time positions.