Multiple Choice
Duk Yu, a beverage company, buys its raw materials from Nessange, a fruits and vegetables exporting company, without making any payment at the time of purchase. Instead, Nessange allows Duk Yu to pay the total purchase amount within a period of six months. Which of the following short-term financing options is being used by Duk Yu in the given scenario?
A) Trade credit
B) Factoring
C) Short-term bank loans
D) Commercial paper
Correct Answer:
Verified
Correct Answer:
Verified
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