Use of a Warehouse Receipt in Short-Term Financing Indicates That

question 229

Multiple Choice

Use of a warehouse receipt in short-term financing indicates that

• A) a loan has been secured by inventory.
• B) a loan has been obtained to purchase raw materials.
• C) a shipper or freight company has bought merchandise from a company.
• D) fur coats are being stored in a retail location.
• E) the lender is taking precautions because the loan is unsecured.

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Definitions:

Color-blind

A visual impairment in which an individual has difficulty distinguishing between certain colors, typically red and green or blue and yellow.

Protanopia

A type of color blindness where individuals have difficulty distinguishing between red and green colors.

Deuteranopia

A type of red-green color blindness caused by the absence of or defect in the green cone cells in the eye.

Blue Cones

Photoreceptor cells in the retina of the eye responsible for the perception of blue light wavelengths.