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Which of the following is not true regarding lines of credit? A commitment fee is paid for unused credit. No interest is earned on the
Which of the following is not true regarding lines of credit? A commitment fee is paid for unused credit. No interest is earned on the compensating fee balance. The commitment fee is a fee paid by a borrower to a lender on the total amount of the line of credit. A commitment fee and compensating balance are two common provisions in a line of credit
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