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A financial institution and a business establish an arrangement that defines a maximum loan balance the institution allows the business to maintain. What banking service is this an example of? a. Line
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A financial institution and a business establish an arrangement that defines a maximum loan balance the institution allows the business to maintain. What banking service is this an example of?

a. Line of credit
b. Certificate of deposit
c. Letter of credit
d. Revolving credit

User Kaylah
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1 Answer

10 votes
10 votes
The answer is A. Line of credit
User Alireza Naghizadeh
by
2.8k points
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