________ Is a Form of Short-Term Financing

question 267

Multiple Choice

________ is a form of short-term financing. Businesses buy merchandise from their suppliers, but are not required to pay for their purchases until some future date.

• A) Secured credit
• B) Trade credit
• C) Revolving credit
• D) Factoring

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Definitions:

White Anglo-Saxon Protestants (WASPs)

A demographic group in the United States characterized by its predominantly British ancestry, Protestant faith, and historically socioeconomically privileged status.

Irish

Pertains to the people, culture, or characteristics of Ireland, a country located on the island of Ireland in the North Atlantic.

Scots

Refers to the people native to Scotland, a country within the United Kingdom, or individuals of Scottish descent.

Jones Act

A U.S. federal law that regulates maritime commerce in American waters and between U.S. ports, requiring goods transported by water between U.S. ports to be carried on U.S.-flagged ships.