Advertisements
Advertisements
Question
______ is a revolving credit arrangement.
Options
Overdraft
Discounting of Bills
Cash credit
Loans and Advances
MCQ
Fill in the Blanks
Advertisements
Solution
Cash credit is a revolving credit arrangement.
Explanation:
Because the borrower can take up to his cash credit limit according to his needs and deposit any surplus, cash credit is a revolving credit arrangement.
shaalaa.com
Is there an error in this question or solution?
