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What extension of credit is not covered by FRS Regulation O? A an advance by means of an incidental overdraft or cash item B the making or renewal of any loan or granting of a l…

What extension of credit is not covered by FRS Regulation O? A an advance by means of an incidental overdraft or cash item B the making or renewal of any loan or granting of a l…
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1 vote
What extension of credit is not covered by FRS Regulation O?

A an advance by means of an incidental overdraft or cash
item
B the making or renewal of any loan or granting of a line of
credit

asked
User GBourke
by
8.6k points

1 Answer

5 votes

The correct answer is:

A) an advance by means of an incidental overdraft or cash item.

answered
User Pradeep Simha
by
9.3k points
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