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Basic Question 21 of 23
When a firm needs guaranteed short-term funds available for a variety of purposes, the bank loan will likely be a ______.
B. revolving credit agreement
C. line of credit
D. banker's acceptance
A. compensating balance arrangement
B. revolving credit agreement
C. line of credit
D. banker's acceptance
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | Information overdose xp |
| ibrahim18 | the principle here is guaranteed. Revolving credit agreement is guaranteed. Others are not |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain liquidity and compare issuers' liquidity levels
CFA® 2025 Level I Curriculum, Volume 2, Module 4.