The options are:
I. Commercial letter of credit II. Loan commitment III. Credit line IV. Repurchase agreement
Answer:
II. Loan commitment
III. Credit line
Step-by-step explanation:
When a construction company wants to commence a project it will need to obtain a permit to start the process.
In obtaining the permit there are certain criteria that the development authorities look at before giving out permits.
They consider if the construction company has the capacity to complete the project and deliver quality work in the process.
To give this assurance the company will need to obtain a Loan Commitment and Credit Line from its bank.
These will show the development authority that the company will have sufficient funds to perform the task.