The Process Whereby Continents Grow as a Result of New

question 56

Multiple Choice

The process whereby continents grow as a result of new material being added by vertical transport is called

• A)accretion.
• B)buoyancy.
• C)assimilation.
• D)magmatic addition.

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Definitions:

Cost of Trade Credit

The effective interest rate associated with taking discounts offered by suppliers for early payment or the cost of forgoing those discounts.

Net 30

A payment term indicating that full payment is due within 30 days of the invoice date.

Terms

Conditions and parameters under which credit is extended by a lender to a borrower, including the repayment schedule, interest rate, and maturity date.

Cost of Trade Credit

The cost associated with the terms of credit extended by suppliers, including discounts for early payment and penalties for late payment.