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In relation to long-term financing, a fully drawn advance is a: A. a bank loan advanced for a precise period for an unspecified purpose. E
In relation to long-term financing, a fully drawn advance is a: A. a bank loan advanced for a precise period for an unspecified purpose. E A term loan where the full amount is provided at the start of the loan, usually for a specified purpose. C. A term loan where the borrower has the option of putting its operating account in deficit up to an agreed limit. D. A term loan where the bank does not Dav out the loan until after a specified period
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