In A(n) _____, the Seller Makes a One-Time Arrangement with a Bank

question 14

Multiple Choice

In a(n) _____, the seller makes a one-time arrangement with a bank or other financial institution to take over responsibility for collecting the account receivable.

• A) forfaiting transaction
• B) factoring transaction
• C) barter transaction
• D) cash-in-advance payment
• E) open account

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Definitions:

Wye-Connected

A method of connecting three-phase motors or transformers where the ends are connected to form a "Y" shape, facilitating the use of both line and phase voltages.

Phase Current

The current that flows through any one phase of a multi-phase system, like in three-phase electrical systems.

Resistive Load

An electrical load that consumes power in the form of heat, and its resistance essentially remains constant throughout its operation.

Line Voltage

The voltage measured between any two phases in a multi-phase electrical system.