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The major difference between a line of credit and a revolving credit line is: A) 33 The bank makes no commitment to actually loan money
The major difference between a "line of credit" and a "revolving credit line" is: A) 33 The bank makes no commitment to actually loan money under the line of credit but it does under the revolving credit line A line of credit generally for a longer maturity than a revolving credit line. A line of credit requires the payment of a commitment fee by the borrower while the revolving does not. B) C) D) A line of credit requires approval while a revolving credit line does not
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