Which Statement Concerning Trade Credit Is Not True

question 64

Multiple Choice

Which statement concerning trade credit is not true?

• A)A discount of 1% offered for prompt payment of amounts owning to creditors is hardly worth taking.
• B)Trade credit is an important source of finance for most businesses.
• C)Trade credit is generally regarded as a 'free' source of finance.
• D)Credit can be a more convenient method of paying for goods than cash.

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