What Happens to the Implied Interest Rate on Trade Credit

question 131

Multiple Choice

What happens to the implied interest rate on trade credit as the time interval between the discount period and payment period is decreased?

• A) The rate declines.
• B) The rate increases.
• C) The rate remains constant.
• D) It is impossible to predict without knowing length of discount period.

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Definitions:

Yale

An American private Ivy League research university located in New Haven, Connecticut, known for its excellent educational programs.

Source Factor

Elements related to the origin or communicator of a message that affect its persuasiveness or the audience's response.

Persuasibility

The extent to which an individual is susceptible to being persuaded or influenced by arguments or messages.

Persuasive Communications

Messages designed to influence or alter the audience's beliefs, attitudes, intentions, motivations, or behaviors.