A company has arranged a $20 million line of credit with a bank,

分类: CFA-Level1 发布时间: 2023-11-03 11:14 浏览量: 0

A company has arranged a $20 million line of credit with a bank, allowing the company the flexibility to borrow and repay any amount of funds as long as the balance does not exceed the line of credit. These arrangements are called:

A.

convertibles.

B.

factoring.

C.

revolvers.

正确答案是C