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pre-approved amount of open-end credit, based on a borrower's ability to pay, is called a(n) _____. revolving creditfinance charge average daily balanceline of credit

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 16QTD

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A pre-approved amount of open-end credit, based on a borrower's ability to pay, is called a(n) _____.

revolving creditfinance charge average daily balanceline of credit

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