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Question 91 - CTFA discussion

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It is a formal, legal commitment to extend credit up to some maximum amount over a stated period of time.

A.
Letter of credit
Answers
A.
Letter of credit
B.
Revolving credit agreement
Answers
B.
Revolving credit agreement
C.
Line of credit
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C.
Line of credit
D.
Trade credit
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D.
Trade credit
Suggested answer: B
asked 16/09/2024
Thomas Schmitt
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