________ Is the Discounting of a Foreign Account Receivable by Transferring

question 39

Multiple Choice

________ is the discounting of a foreign account receivable by transferring title of the sold item and its account receivable to an organization-that specializes in purchasing accounts receivable-for cash at a discount from the face value.

• A) Confirming
• B) Countertrading
• C) Forfaiting
• D) Factoring

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Definitions:

Antibiotics

Medicinal substances used to treat bacterial infections by either killing bacteria directly or inhibiting their growth.

Chytrid

A group of mostly aquatic fungi that play a role in decomposing organic matter and can sometimes be harmful to amphibians.

Chitin

A long-chain polymer of N-acetylglucosamine, a derivative of glucose, forming a hard, protective exoskeleton in arthropods and cell walls of some fungi.

Wheat Rust

A disease caused by fungi that affects wheat crops, leading to significant yield losses.