NO.PZ2021091701000002
问题如下:
A company has arranged a $20 million line of credit with a bank, allowing the
company the flexibility to borrow and repay any amount of funds as long as the
balance does not exceed the line of credit. These arrangements are called:
选项:
A.convertibles.
factoring.
revolvers.
解释:
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.
读题字面理解是公司筹备一个银行授信,这叫revolvers,能解释一下吗?