What is a trade credit?
a. A credit card purchase
b. A government loan for exporters
c. The extension of a period of time before which an importer must pay for goods and services purchased
d. An IMF loan to meet trade deficit and liabilities for hard currencies
e. The time it takes for franchisees to pay for the products they obtain from the main franchiser
c
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In choosing between apartments in two different locations, the marginal commuting cost is given by:
A) the commuting cost from the apartment located closer to the destination. B) the sum of the commuting cost from each apartment to the destination. C) the commuting cost from the apartment located farther away from the destination. D) the difference between the commuting cost from two different apartments to the destination.
An unusually warm winter shifts the
A) supply curve of gloves rightward. B) supply curve of gloves leftward. C) demand curve for gloves rightward. D) demand curve for gloves leftward.