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What is a revolving line of credit

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Reference no: EM132970374

Problem 1: What is a "Revolving Line of Credit?"

Group of answer choices

A) A situation involving a default by a borrower where the bank grants a reprieve.

B) A facility provided by a bank which allows the customer to repeatedly borrow money from the bank and pay off the loan, in whole or in part, up to a maximum amount.

C) A term loan whose interest rate revolves around LIBOR.

D) A type of bank deposit which provides check writing

Reference no: EM132970374

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