A guaranteed line of credit that carries an extra fee is a revolving credit:
AAttachment
BAgreement
CAllotment
DAllowance
Answer & Solution
Correct answer: B. Agreement
1. The bank commits to the facility.
2. That commitment costs extra.
3. It is a revolving credit agreement.
_Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._
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