Which of the following statements is NOT true?A line-of-credit from a

Which of the following statements is NOT true?A line-of-credit from a commercial bank:

A) generally has a maximum stated amount available to the borrower.
B) generally charges the borrower interest only for the amount actually utilized
C) once granted generally never needs to be renewed.
D) is often an alternative to and/or in addition to another form of lending already provided by the bank.

ANSWER

C