All of the following are tasks performed by a factor except:
A)purchasing payables and extending loans.
B)purchasing receivables.
C)checking customers' credit and authorizing credit.
D)receivables bookkeeping and collection.

Question

Quizplus · Accepted Answer

Factors do not extend loans, as they are focused on purchasing receivables and managing accounts receivable for their clients.

All of the Following Are Tasks Performed by a Factor