Which of the following statements regarding a line of credit is true?
A) A line of credit agreement is a legal commitment on the part of the bank to provide the stated
credit.
B) Such agreements usually cover the borrower's fiscal year.
C) The purpose for which the money is being borrowed must be stated by the borrower.
D) A line of credit agreement usually fixes the interest rate that will be applied to any extensions
of credit.
B
You might also like to view...
Of the time U.S. consumers spend with all media, almost half is spent online
Indicate whether the statement is true or false
______ consists of the components that lie beneath the surface of an organization, such as company values and assumptions.
A. Competing culture B. Observable culture C. Hierarchy culture D. Unobservable culture
Which of the following is NOT a recognized area of cultural intelligence?
a. interpersonal intelligence b. linguistic intelligence c. spatial intelligence d. synergistic intelligence
ASEAN +3 is
A. ASEAN's commitment to trade, collaboration, and economic independence. B. ASEAN's commitment to economic, political, and social prosperity. C. the 10 ASEAN nations plus Australia, India, and the state of Hawaii. D. the 10 ASEAN nations plus China, Japan, and Korea.