Revolving credit agreements are ________. A) guaranteed loans that sp

Revolving credit agreements are ________.

A) guaranteed loans that specify the maximum amount that a firm can owe the bank at any point in time
B) non-guaranteed loans that specify the maximum amount that a firm can owe the bank at any one time
C) credit arrangements made in cooperation with suppliers that allows a firm to roll over accounts payable each month
D) short-term, unsecured promissory notes issued by a firm with a high credit standing

ANSWER

A