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Question 242 - CTFA discussion

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A conventional revolving credit agreement allows:

A.
To borrow a fixed amount for the entire commitment period
Answers
A.
To borrow a fixed amount for the entire commitment period
B.
To borrow for a short-period with a right to renew the loan during the commitment period
Answers
B.
To borrow for a short-period with a right to renew the loan during the commitment period
C.
To possibly include a provision to convert the credit agreement into a term loan contract at maturity
Answers
C.
To possibly include a provision to convert the credit agreement into a term loan contract at maturity
D.
All of the above
Answers
D.
All of the above
Suggested answer: D
asked 16/09/2024
mohammed zakir
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