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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