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    Practical Financial Management Study Set 1
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    Exam 16: The Management of Working Capital
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    When Accounts Receivable Are Pledged as Collateral Rather Than Factored
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When Accounts Receivable Are Pledged as Collateral Rather Than Factored

Question 243

Question 243

True/False

When accounts receivable are pledged as collateral rather than factored, the lender assumes the default risk on the receivables.

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