1 a type of short-term financing where the borrower sells, Ask an Expert

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1. A type of short-term financing where the borrower sells its receivables to the lender up-front, but at a discount to face value, is called:

A. a bond.

B. a letter of credit.

C. assigned receivables financing.

D. a compensating balance.

E. factored receivables financing.

2. Which are of the following is/are included in current assets?

A. Accounts receivable.

B. Accrued wages.

C. Accounts payable.

D. Inventory

E. Cash

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92867205

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