A Type of Short-Term Loan Where the Borrower Sells Its

question 25

Multiple Choice

A type of short-term loan where the borrower sells its accounts receivables to the lender at a discount to face value is called

• A)a compensating balance.
• B)an assignment.
• C)a letter of credit.
• D)factoring.
• E)a bond.

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Definitions:

Microanalysis

Analysis of the smallest, most immediately visible parts of social life, such as people interacting.

In-groups

Groups to which an individual feels a sense of belonging, often leading to positive self-identification.

Out-groups

Social groups to which an individual does not belong, often perceived as different or opposed to the individual's in-group.

Secondary Groups

Large social groups that interact on a more impersonal and formal level for a short period of time, unlike primary groups which are typically smaller and involve close, emotional ties.