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____________________ Credit Is the Extension of Credit by the Seller

question 83

Short Answer

____________________ credit is the extension of credit by the seller to the buyer between the time the buyer receives the goods or services and when it pays for them.


Definitions:

Across The Country

A phrase describing something that occurs or is present in various parts of a country.

Check 21

A federal law designed to enable banks to handle more checks electronically, which makes check processing faster and more efficient.

Electronically

Pertaining to technology related to the use and application of electronic devices and systems.

Federal Law

Legislation enacted by the national government of a country, which has precedence over state laws in areas specifically delegated to the national authority.

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