Which of the Following Statements Concerning Seasonal Credit Is True

question 58

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:

Industrialist

An individual who owns, operates, or has significant financial interest in industrial enterprises.

Karl Marx

A 19th-century philosopher, economist, and political theorist, best known for his critical analysis of capitalism and his influence on the development of socialism and communism.

Scientific Socialist

An individual who advocates for socialism using scientific analysis of society and economy, typically associated with the approaches of Karl Marx and Friedrich Engels.

Utopian Socialist

Refers to early social theorists and thinkers who envisioned ideal societies with perfect equality and social justice, without the class divisions that characterized the industrial society of their time.