An agreement by a bank which guarantees payment on the prompt arrival of a shipment of goods from an overseas supplier is called a:
A) Factored inventory loan.
B) Letter of credit.
C) Blanket inventory lien.
D) Line of credit.
E) Compensating agreement.
Correct Answer:
Verified
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A) Is associated
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A)
Q296: The operating cycle must lengthen when the:
A)
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A) Increases the
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