Multiple Choice
Accounts receivable may be used as a source of financing by
A) pledging the receivables as loan collateral.
B) factoring the receivables to a finance company.
C) selling securities backed by the receivables.
D) all of the other answers are correct
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Compensating balances have been important for banks
Q65: Sears Canada Receivables Trust receives a better
Q72: What is generally the largest source of
Q74: Compensating balances represent unfair hidden costs of
Q76: Which of the following is a characteristic
Q78: The extent to which inventory financing may
Q79: General Rent-All's officers arrange a $50,000 loan.
Q81: Bank loans to business firms<br>A) are usually
Q84: Commercial paper is an unsecured short-term IOU
Q87: Approximately 40% of short-term financing is in