will upvote if answered by 12:15 pm

Which one of the following statements is not true? O In business, a line-of-credit is a secured loan. O A non-committed line-of-credit is informal and typically evaluated year-to- year. O A committed line-of-credit requires that the firm pays the bank a fee. Lines-of-credit often require that borrowers bring their loan balance to zero occasionally (clean-up period)