Bank lines of credit must be judiciously requested because the lines often:
A) accrue interest regardless of whether funds are borrowed
B) require payment of a commitment fee to establish
C) have a negative impact on the firm's credit history
D) appear as a liability on the firm's balance sheet
Ans: B) require payment of a commitment fee to establish
Business
You might also like to view...
The most commonly used statistics associated with frequencies are measures of location, measures of variability, and measures of occasion
Indicate whether the statement is true or false
Business
How do firms use workforce analytics and data mining to evaluate HR practices?
What will be an ideal response?
Business