A ________ guarantees the borrower that a specified amount of funds will be available regardless of the tightness of money.
A) revolving credit agreement
B) line of credit
C) short-term self-liquidating loan
D) single payment note

Question

Quizplus · Accepted Answer

A revolving credit agreement guarantees the borrower access to a specified amount of funds at any time, regardless of market conditions or the tightness of money.

A ________ Guarantees the Borrower That a Specified Amount of Funds