The Most Common Form of Trade Credit Is

question 71

Multiple Choice

The most common form of trade credit is

• A) the trade acceptance.
• B) the trade draft.
• C) the promissory note.
• D) open-book credit.
• E) none of these.

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Definitions:

Colleagues

Individuals with whom one works, especially within a profession or a specific project group.

Memo

A short document or note that is used for communication within an organization, often to inform employees about policies or announcements.

Email

Electronic mail, a method of exchanging digital messages over the internet.

Specific Purpose

A clear statement defining the goal or objective that a particular activity, document, or speech aims to achieve.