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CTP · Question #791

(Topic 8) The term "factoring" refers to a:

The correct answer is B. short-term financing method. See the full explanation below for the reasoning.

Question

  • (Topic 8)

The term "factoring" refers to a:

Options

  • Amathematical formula used in calculating bond prices.
  • Bshort-term financing method.
  • Creduction of bank fees related to volume.
  • DFederal Reserve Open Market Committee activity.

How the community answered

(37 responses)
  • A
    14% (5)
  • B
    73% (27)
  • C
    8% (3)
  • D
    5% (2)

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