IIA
IIA-CFSA · Question #70
__________ allows businesses that sell durable goods such as auto-mobiles 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 auto-mobiles to finance inventories. As the business sells goods, the loan advance against those goods is repaid.
Options
- ATerm loans
- BConsumer loans
- CInstallment loans
- DFloor-plan financing
How the community answered
(36 responses)- A3% (1)
- B6% (2)
- C14% (5)
- D78% (28)
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