Which of the following observations is true of a spot loan?
A. It involves a maximum size and a maximum period of time over which the borrower can withdraw funds.
B. It involves immediate withdrawal of the entire loan amount by the borrower.
C. It is an unsecured short-term debt instrument issued by corporations
D. It is a nonbank loan substitute.
E. It is a line of credit.
Ans: B. It involves immediate withdrawal of the entire loan amount by the borrower.
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