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Question
Revolving loans are credit lines
A. that allow the borrower to borrow the repeat credit only after the first loan is repaid.
B. that specify a maximum size and a maximum period of time over which the borrower can withdraw funds.
C. whose interest rate adjusts with movements in an underlying market index interest rate.
D. on which a borrower can both draw and repay many times over the life of the loan contract.
E. that include new and used automobile loans, mobile home loans, and fixed-term consumer loans.
Answer
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