Question: Please explain why A is correct and the why the other's are not. A credit limit is: Select one: A. The maximum that a creditor

Please explain why A is correct and the why the other's are not.

Please explain why A is correct and the why the other's are

A credit limit is: Select one: A. The maximum that a creditor will allow a customer to owe at any point in time B. The property that a company pledges to guarantee repayment C. A company's total debt D. The maximum that a company can borrow Rationale: Credit limits are established by creditors to reduce the probability of non payment The correct answer is: The maximum that a creditor will allow a customer to owe at any point in time

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