A line of credit ________. a. allows a business to borrow short-term

QUESTION

A line of credit ________.

a. allows a business to borrow short-term funds, up to a set amount, whenever it is necessary without having to apply for a new loan every time
b. requires a company to use property as a collateral
c. requires a company to use accounts receivable as collateral
d. involves selling accounts receivable to a third party at a discounted rate

ANSWER

a