Fill in the Blank QuestionFill in the blank question.Line of is a short-term loan that is approved before money is actually needed.

Multiple Choice QuestionA short-term loan that is approved before the money is actually needed is a(n):Multiple choice question.unconditional fund.line of credit.emergency fund.personal loan.

Fill in the Blank QuestionFill in the blank question.In order to take quick advantage of opportunities that require external funding, a business owner who is short on cash may get a line of from a bank or other financial institution. (Enter one word in the blank.)

It’s a cash loan granted to an employed, currently – paying self-employed or voluntary member. It is intended to meet the member’s short-term credit needs.

Fill in the Blank QuestionFill in the blank question.A loan backed by collateral, something valuable like property, is called a loan.

The price paid for borrowing money, paid to the lenders.*1 pointinterest ratedirect debitinstallmentcredit line