Question 82 1 points Save A(n) _______ is a standing agreement between a bank an
ID: 471104 • Letter: Q
Question
Question 82
1 points
A(n) _______ is a standing agreement between a bank and a business in which the bank promises to lend the firm a specified amount of funds on request.
revolving credit agreement
trade agreement
open-book credit
line of credit
commercial paper
Question 83
1 points
When buyers receive merchandise along with invoices stating credit terms, they have most likely been given a(n)
revolving credit agreement.
open-book credit.
promissory note.
trade acceptance.
line of credit.
Question 84
1 points
Key-person insurance
is a special form of business insurance whereby owners arrange to buy the interests of deceased associates from their heirs.
is an arrangement whereby selected professional providers offer services at reduced rates and permit thorough review of their service recommendations.
provides continuous income when disability keeps the insured from gainful employment.
is a special form of business insurance designed to offset expenses entailed by the loss of key employees.
is insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease.
Question 82
1 points
A(n) _______ is a standing agreement between a bank and a business in which the bank promises to lend the firm a specified amount of funds on request.
revolving credit agreement
trade agreement
open-book credit
line of credit
commercial paper
Explanation / Answer
82.line of credit
83.Open-book credit.
84.Is a special form of business insurance designed to offset expenses entailed by the loss of key employees.
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