Pledging Accounts Receivable as a Source of Short-Term Credit [Blank]

question 126

Multiple Choice

Pledging accounts receivable as a source of short-term credit [blank].

• A)is a type of loan secured by accounts receivable
• B)is a form of spontaneous credit
• C)involves the outright sale of accounts receivable to a financial institution
• D)is an inexpensive but risky source of short-term financing

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Definitions:

Work

An activity involving mental or physical effort done in order to achieve a purpose or result.

Career

A long-term professional journey that an individual embarks on, which often includes changes in jobs, learning new skills, and progressing in job roles.

Job

Employment, typically a role performed by an individual in exchange for payment.

Money

A medium of exchange used to facilitate the sale, purchase, or trade of goods and services, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.