The most familiar form of trade credit is ________, a written contract prepared by the buyer who agrees to pay the seller a certain amount by a certain time.
A) a secured loan
B) an unsecured loan
C) collateral
D) a promissory note
E) crowdfunding

Question

Quizplus · Accepted Answer

A promissory note is a written agreement where the buyer promises to pay the seller a specific sum of money at a predetermined date, making it the most familiar form of trade credit in this context.

The Most Familiar Form of Trade Credit Is ________, a Written