题目
Acompany has arranged a $20 million line of credit with a bank, allowing thecompany theflexibility to borrow and repay any amount of funds as long as thebalance doesnot exceed the line of credit. These arrangements are called:
选项
A.convertibles.
B.factoring.
C.revolvers.
答案
C
解析
C is correct. A revolver is a short-term borrowing facility in which a bank allows the firm to borrow and repay loans during the life of the line of credit. C是正确的。循环信贷是一种短期借贷工具，银行允许公司在信用额度期限内借贷和偿还贷款。