Question: 1 7 - 1 . From the descriptions below please identify what type of busines: A temporary credit supports construction of homes, apartments, office b

17-1. From the descriptions below please identify what type of busines:
A temporary credit supports construction of homes, apartments, office b permanent structures.
A loan is made to an automobile dealer to support the shipment of new c
Credit extended on the basis of a business's,accounts receivable.
The term of an inventory loan is being set to match the length of time nee cash to repay the loan.
Credit extended up to one year to purchase raw materials and cover a seasd
securities dealer requires credit to add new government bonds to his secur 2 Eredit granted for more than a year to support purchases of plant and equipm 3 hroup of investors wishes to take over a firm using mainly debt financing
1 7 - 1 . From the descriptions below please

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!