Useful tool for managing certain aspects of firms risk

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1. In credit terms, end of month indicates that the accounts payable must be paid by the end of the month in which the merchandise has been purchased.

True or False

2. Notes payable are either spontaneous secured or spontaneous unsecured financing and result from the normal operations of a firm

True or False

3. Derivatives are used by corporations as a useful tool for managing certain aspects of a firm's risk

True or False

Reference no: EM13826321

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