Revolving Open-End Credit Typically Does Not Specify a Maximum Amount

question 34

True/False

Revolving open-end credit typically does not specify a maximum amount that can be borrowed.

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Definitions:

Insignificant Influence

A situation where an investor does not have enough impact on a business to affect its decisions or policies.

Dividend Revenue

Income received from owning shares in a company which distributes a portion of its earnings to its shareholders.

Insignificant Influence

A term describing an investor's lack of power to affect the operating and financial policies of the investee company.

Gain

The financial benefit obtained when the amount earned from a financial transaction exceeds the amount spent.