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  3. Study Set
    Financial Institutions Management
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    Exam 3: Financial Services: Finance Companies
  5. Question
    Factoring Is the Process Where Accounts Are Purchased by a Nonfinancial
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Factoring Is the Process Where Accounts Are Purchased by a Nonfinancial

Question 75

Question 75

True/False

Factoring is the process where accounts are purchased by a nonfinancial company at a discount from their face value in exchange for the responsibility of collection.

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