Anickm03
Answered

To help Moonworks expand and exploit opportunities it recognized, which type of loan is approved before the money is actually needed?

A. banker's acceptance
B. line of credit
C. promissory note
D. trade credit



Answer :

GinnyAnswer

Final answer:

A line of credit is a beneficial loan approved in advance to help businesses grow and capitalize on opportunities.


Explanation:

A line of credit is the loan that is approved before the money is actually needed, allowing Moonworks to expand and exploit opportunities. This type of loan commitment benefits both lenders and borrowers as it provides flexibility and financial support when necessary. By having a line of credit in place, Moonworks can access funds quickly to seize opportunities for growth.


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