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Which of the following statements are incorrect? i. A line of credit is an informal and nonbinding agreement ii. Bank loan interest rates vary among
Which of the following statements are incorrect?
i. A line of credit is an informal and nonbinding agreement
ii. Bank loan interest rates vary among customers at a given point in time
iii. Remote disbursing means shipping the product to customers from a distant location
iv. Some corporations are large enough to use concentration banking but not lockbox plan
A. | i and ii | |
B. | i and iii | |
C. | i and iv | |
D. | ii and iii | |
E. | ii and iv | |
F. | iii and iv | |
G. | None of the above combinations |
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