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Question
A regular short-term loan subject to a limit based on credit worthiness given by a bank to a business, normally to meet working capital requirements, is known as ______.
Options
Bank overdraft
Cash Credit
Bank draft
Bank Loan
MCQ
Fill in the Blanks
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Solution
A regular short-term loan subject to a limit based on credit worthiness given by a bank to a business, normally to meet working capital requirements, is known as Cash Credit.
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Notes
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