In Which of the Following Loans Can Inventory NOT Be

question 23

Multiple Choice

In which of the following loans can inventory NOT be used as collateral?

• A) a floating lien
• B) a warehouse arrangement
• C) a factoring arrangement
• D) a trust receipt

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Definitions:

Hematocrit

The ratio of the volume of red blood cells to the total volume of blood, expressed as a percentage, used to diagnose and treat various conditions.

Red Blood Cells

Biconcave, disc-shaped cells without nuclei, present in the blood, whose principal function is to transport oxygen from the lungs to body tissues.

Blood

A vital fluid in the body that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away from those same cells.

Coagulates

The process by which a fluid, especially blood, changes to a solid or semi-solid state, often to stop bleeding.