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O-LevelCommerceFinance7100/12 · May/June 2016 · Q381 Mark

A company sells its debts to a third party for immediate cash. What is this method of raising finance called?

Afactoring
Bhire purchase
Cleasing
Dtrade credit

✓ Correct answer

A: factoring

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About this question

Topic
Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2016 Paper 1 Variant 2, question 38.

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