Which of the following features does not accurately describe a line of credit?
A) Credit line approved before the money is actually needed
B) Funds available immediately when needed
C) Obtainable from a credit union, savings and loan association, or bank
D) Alternative source of emergency funds
E) Long-term loan

Question

Quizplus · Accepted Answer

A line of credit is typically a short-term loan, not a long-term loan.

Which of the Following Features Does Not Accurately Describe a Line