Multiple Choice
When Magna Manufacturing sells hand screwdriver sets to Malloy Building Supply Company,Magna bills the tool manufacturer for the screwdriver purchase with terms of payment,which specify when the account is due.This type of unsecured loan is known as which of the following?
A) trade credit
B) borrower's credit
C) product credit
D) revolving credit
Correct Answer:
Verified
Correct Answer:
Verified
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