Which of the Following Elements of Credit Terms Might Encourage

question 127

Multiple Choice

Which of the following elements of credit terms might encourage purchasers from paying with a discount?

• A) A lower discount percentage
• B) A longer payment period
• C) A shorter discount period
• D) A shorter payment period

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Definitions:

E Ink

A type of electronic paper display technology that mimics the appearance of ordinary ink on paper and is widely used in e-book readers and digital signage.

Cryptocurrency

A type of currency that is digital or virtual, employs cryptography for its security, and functions without the reliance on a central banking system.

Intermediaries

Entities that act as a middleman between two parties in a financial transaction, such as brokers, agents, and dealers.

Banks

Financial institutions licensed to receive deposits and make loans, offering various other services like wealth management, currency exchange, and safe deposit boxes.