Which of the Following Statements Concerning Seasonal Credit Is TRUE

question 16

Multiple Choice

Which of the following statements concerning seasonal credit is TRUE?

• A) It tends to have a lower interest rate than federal funds.
• B) It has become increasingly more important in recent years.
• C) Only firms receiving secondary credit are eligible to receive seasonal credit.
• D) Improvements in credit markets have reduced the need for a seasonal credit facility.

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Definitions:

In-Phase

Usually used to mean properly timed or properly balanced. A driveshaft that is in-phase would be assembled balanced and with the yokes aligned.

Drive Axles

The axles connected to the vehicle's drivetrain that are responsible for transmitting power from the transmission to the wheels, enabling movement.

Parallel-Joint Driveline

In driveline terminology, a drive shaft construction in which all of the companion flanges and yokes are parallel with the working angles of the U-joints set to being equal and opposite.

Mating Yokes

Components designed to connect or join together in a mechanical system, ensuring proper alignment and transfer of motion or force.