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Is a loan that does not require the principal amount to be paid off within a specified period of time: a. Committed line of credit
Is a loan that does not require the principal amount to be paid off within a specified period of time:
a. Committed line of credit
b. Uncommitted line of credit
c. Evergreen line of credit
d. Revolving line of credit
The amount of cash a firm holds to counter the uncertainty surrounding its future cash needs is known as:
a. Compensating Balance
b. Transaction Balance
c. Precautionary Balance
Which are correct and why?
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