QUESTION 14

1. Accounts receivable financing is the term used to describe which of the following types of loans which involve either the assignment or the factoring of a firm's accounts receivables?

   		Secured short-term loan
   		Unsecured short-term loan
   		Secured long-term loan
   		Unsecured long-term loan
   		Trust receipt loan

2 points

QUESTION 15

1. By definition, an inventory loan is which one of the following types of loan?

   		Secured short-term loan
   		Unsecured short-term loan
   		Secured long-term loan
   		Unsecured long-term loan
   		Trust receipt loan