A Line of Credit Creates a Liability for the Borrower

question 204

True/False

A line of credit creates a liability for the borrower when it is granted by the bank.

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Definitions:

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Great Person Approach

A theory in leadership that assumes that outstanding leaders are born, not made, and have inherent traits that make them effective.

Trait Approach

A theory of leadership that suggests certain qualities or characteristics are inherent in good leaders.

Skills Approach

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