IIA
IIA-CFSA · Question #343
__________ allows businesses that sell durable goods such as automobiles to finance inventories. As the business sells goods, the loan advance against those goods is repaid.
The correct answer is D. Floor-plan financing. See the full explanation below for the reasoning.
Question
__________ allows businesses that sell durable goods such as automobiles to finance inventories. As the business sells goods, the loan advance against those goods is repaid.
Options
- BShort-term working
- Ccapital loans
- DFloor-plan financing
How the community answered
(53 responses)- B19% (10)
- C8% (4)
- D74% (39)
Community Discussion
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