Factoring Represents the Least Expensive Way for a Firm to Raise

question 71

True/False

Factoring represents the least expensive way for a firm to raise short-term funds.

---

Definitions:

Bank Liabilities

Financial obligations owed by a bank to its depositors, creditors, and other parties.

Bank Assets

Resources owned by a bank, including loans, securities, cash, and property, that have economic value and can be used to meet its liabilities.

Mad Money

Extra money reserved for spontaneous expenses or for small luxuries, often used more liberally.

Economic Booms

Periods of rapid economic growth and expansion, characterized by increased production, employment, and consumer spending.