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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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