If a firm has set up a revolving credit agreement with a bank, the risk to the firm of being unable to obtain funds when needed is lower than if it had an informal line of credi…

Question

asked Jul 7, 2020 116k views

1 Answer

J Set · Answer 1 · 2020-07-14T03:39:01+0000

Answer:

True

Step-by-step explanation:

the risk to the firm of being unable to obtain funds when needed is lower than if it had an informal line of credit.