The Primary Advantage That Pledging Accounts Receivable Provides Is

question 99

Multiple Choice

The primary advantage that pledging accounts receivable provides is

• A) the flexibility it gives to the borrower.
• B) that the financial institution bears the risk of collection.
• C) the low cost as compared with other sources of short-term financing.
• D) that the financial institution services the accounts.

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Definitions:

Electronic Commerce

The buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

Internet

A global network of computers that provides a wide range of information and communication facilities, including access to websites and other services.

Information Technologies

Systems, software, and equipment designed to store, retrieve, transmit, and manipulate data, significantly influencing the operation of businesses and societies.

Group Decision Support System

A computer-based system designed to aid groups in making decisions, improving the efficiency and effectiveness of team decision-making processes.