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QUESTION 14 Accounts receivable financing is the term used to describe which of the following types...

QUESTION 14

  1. Accounts receivable financing is the term used to describe which of the following types of loans which involve either the assignment or the factoring of a firm's accounts receivables?

    Secured short-term loan

    Unsecured short-term loan

    Secured long-term loan

    Unsecured long-term loan

    Trust receipt loan

2 points   

QUESTION 15

  1. By definition, an inventory loan is which one of the following types of loan?

    Secured short-term loan

    Unsecured short-term loan

    Secured long-term loan

    Unsecured long-term loan

    Trust receipt loan

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Answer #1

Q 14) Option '1' is correct

Accounts receivable financing is the term used to describe which of the following types of loans which involve either the assignment or the factoring of Secured short-term Loan.

Q 15) Option '1' is correct

Inventory loan is a Secured short-term loan.

Banks or financial institutions provide loans and creates a charge over inventory. in case of non-payment they will take inventory. And the inventory movement will be more fast, the banks provide short-term loans.

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