πŸ“Š Financial Markets and Institutions
Q. Business finance companies provide specialized forms of credit to businesses by making loans and purchasing accounts receivable at a discount; this provision of credit is called
  • (A) discounting.
  • (B) factoring.
  • (C) refinancing
  • (D) sparking.
πŸ’¬ Discuss
βœ… Correct Answer: (B) factoring.

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