Unsecured credit is usually offered with lower interest rates and with a higher limit of...
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Finance
Unsecured credit is usually offered with lower interest rates and with a higher limit of borrowing.
True False
An importer may settle his obligation with the exporter by:
A.) enter into a Trust Receipt Agreement with the bank B.) book a loan and use the proceeds for the said purpose C.) have a Bank Guarantee D.) allowing its bank to credit its account
Commercial credit is a pre-approved amount of money issued by a bank to a company that can be accessed by the borrowing company at any time to help meet various financial obligations.
True False
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