Question
Maria wants to start a restaurant of her own. As she does not have any savings, she approaches her bank for money and enters an
Maria wants to start a restaurant of her own. As she does not have any savings, she approaches her bank for money and enters an agreement with the bank. According to the agreement, the bank agrees to lend her $5000 upon request provided it has sufficient funds to loan the amount. In this scenario, the type of funding obtained by Maria can be regarded as a _____.
Multiple Choice
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trade credit
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logbook loan
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non-recourse loan
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line of credit
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personal loan
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
