The cost of trade credit involving cash discounts as a form of short-term financing is:
A) usually greater than the cost of commercial bank credit
B) the lowest of any form of short-term financing
C) Neither of these is correct
Correct Answer:
Verified
Q15: A line of credit is also often
Q40: A factor engages in accounts receivable financing
Q45: The factoring of receivables:
A)had its origins in
Q47: When a bank takes a business' inventory
Q51: Advance factoring is where the firm selling
Q53: The Small Business Administration:
A)lends exclusively to small
Q59: When accounts receivable are pledged: money is
Q106: Commercial finance companies:
A) make riskier unsecured business
Q110: Commercial paper dealers:
A) lend to small and
Q154: A business that needs short-term credit in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents