Make to borrower with seasonal financing needs

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Reference no: EM131553563

1. Which of the following is the type of short-term loan banks most like to make to a borrower with seasonal financing needs?

a. self-liquidating

b. line of credit

c. letter of credit

d. bonds payable

2. A firm’s policy for offering credit to its customers includes:

a. credit terms and credit standards

b. factoring

c. the interest earned on investments in accounts receivable

d. management of accounts payable

Reference no: EM131553563

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