A dealer of Mack Trucks cannot submit a bid to sell trucks to the State until it can show it either has or will have the necessary funding buy the trucks from the manufacturer, Mack Trucks. The dealer asks its bank for which of the following that will allow it to submit the bid?

I. Commercial letter of credit II. Loan commitment III. Credit line IV. Repurchase agreement

A. I or II B. II or III C. II or IV D. III or IV E. I or IV