Multiple Choice
A short-term loan where the lender holds the borrower's receivables as security is called:
A) a compensating balance.
B) assigned receivables financing.
C) a letter of credit.
D) factored receivables financing.
E) a bond.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q63: If the average accounts receivable that a
Q64: A firm currently has a cash cycle
Q65: The operating cycle will decrease if you
Q66: Brown's Market currently has an operating cycle
Q67: The length of time between the payment
Q69: Flexible short-term financial policies tend to:<br>A)maintain low
Q70: Heritage Farms has sales of $1.62 million
Q71: If The Deli delays paying its suppliers
Q72: Smith and Johnson have expected sales of
Q73: The cash cycle is defined as the