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Which of the following information is correct about various types of loans? q , non - revolving line of credit q , In non -
Which of the following information is correct about various types of loans?
nonrevolving line of credit
In nonrevolving line of credit the farmer needs to make repayments regularly at the end of each accounting period
Revolving line of credit implies no cash flow budgeting is used to forecast borrowing needs
Revolving line of credit allows the borrower to borrow freely up to a predetermined limit but not above it
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