The Practice of Extending Credit to Customers Is Known As

question 44

Multiple Choice

The practice of extending credit to customers is known as:

• A)float.
• B)trade credit.
• C)forfaiting.
• D)discounting.

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Definitions:

Portrait Side

The aspect or profile of a subject that is depicted or photographed, typically focusing on the face or front.

Lowest Denomination

The smallest unit of currency in value within a currency system.

Numeric Amount

A quantity or value represented by numbers, often used in the context of financial or statistical data.

Negotiable Amount

A sum of money whose value can be altered or negotiated, often in the context of financial instruments or payments.