The answer is true
Explanation: A line of credit is a flexible loan provided by a financial institution. You can draw on the funds as needed and repay the loan either right once or over time.
Interest is charged as soon as money is borrowed from a line of credit. Most frequently, lines of credit are used to finance projects whose costs cannot be foreseen in advance or to fill in the gaps in irregular monthly income.
What is financial justification?
The process of raising money or capital for any form of spending is referred to as finance. It involves directing different sources of funding, such as credit, loans, and investment money, to the businesses that can use them most effectively.
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