The Three Components of Credit Policy Are

question 17

Multiple Choice

The three components of credit policy are:

• A)collection policy,credit analysis,and interest rate determination.
• B)collection policy,credit analysis,and terms of the sale.
• C)collection policy,interest rate determination,and repayment analysis.
• D)credit analysis,repayment analysis,and terms of the sale.
• E)interest rate determination,repayment analysis,and terms of sale.

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Definitions:

Trade Agreement

A contract between two or more nations that outlines the rules and guidelines for trade between them.

NAFTA

The North American Free Trade Agreement, a trilateral trade bloc in North America created by Canada, Mexico, and the United States.

United States

is a federal republic in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Ordinance

A piece of legislation enacted by a municipal authority covering matters not already covered by federal or state law.