RJR Nabisco sells its export receivables to a firm that takes responsibility for collecting payment from the importers. RJR has used
A) accounts receivable financing
B) factoring
C) forfaiting
D) letter of credit

Name: RJR Nabisco sells its export receivables to a firm that takes responsibility for collecting payment from the importers. RJR has used A) accounts receivable financing B) factoring C) forfaiting D) letter of credit
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Question

Quizplus · Accepted Answer

The Answer is B

RJR Nabisco Sells Its Export Receivables to a Firm That