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An agreed maximum a bank will lend a firm over a year is a:

ALine of credit
BLane of custom
CLink of capital
DList of clients
Answer & Solution
Correct answer: A. Line of credit
1. It sets a ceiling, not a fixed loan. 2. The firm draws as needed. 3. That is a line of credit. _Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._
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