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What Is a Trade Credit

Question 47

Multiple Choice

What is a trade credit?


A) A credit card purchase
B) A government loan for exporters
C) The extension of a period of time before which an importer must pay for goods and services purchased
D) An IMF loan to meet trade deficit and liabilities for hard currencies
E) The time it takes for franchisees to pay for the products they obtain from the main franchiser

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