With ____, a Bank Purchases a Receivable Without Recourse to the Exporter

question 17

Multiple Choice

With ____, a bank purchases a receivable without recourse to the exporter.

• A) accounts receivable financing
• B) factoring
• C) a banker's acceptance
• D) a letter of credit

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Definitions:

Civil War

A war between citizens of the same country, often stemming from political, social, or economic disagreements.

Rebels

Individuals or groups that resist authority, control, or tradition, often aiming to overthrow or significantly change existing conditions or governance.

Civil Wars

Conflicts between groups within the same country or state, often over political, social, or ethnic differences.

Confederacy

A union of states or groups united for a common purpose, often used to refer to the 11 southern states that seceded from the United States in 1861-1865.