BEC Financial Management review 10

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Joens1313
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300314
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BEC Financial Management review 10
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2015-04-08 22:55:01
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BEC Financial Management review 10
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BEC Financial Management review 10
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  1. ----------------------- commonly is divided into two components: a so-called free component and a costly component.
    Trade credit commonly is divided into two components: a so-called free component and a costly component.
  2. Trade credit commonly is divided into two components: a so-called ----------------- and a ----------------------------.
    Trade credit commonly is divided into two components: a so-called free component and a costly component.
  3. What is a free component?
    the credit received during the discount periods commonly is called a free component.
  4. the credit received during the discount periods commonly is called a -------------------------.
    the credit received during the discount periods commonly is called a free component.
  5. A costly trade credit cost is an implicit cost equal to foregone discounts, is called a --------------------------.
    A costly trade credit cost is an implicit cost equal to foregone discounts, is called a costly component.
  6. what is a compensating balance?
    a compensating balance is when a bank requires a borrower to maintain an average checking account balance.
  7. a ----------------------------- is when a bank requires a borrower to maintain an average checking account balance.
    a compensating balance is when a bank requires a borrower to maintain an average checking account balance.
  8. what is a line of credit?
    an understanding between a bank and borrower indicating the maximum outstanding debt the bank will extend is called a Line of Credit.
  9. an understanding between a bank and borrower indicating the maximum outstanding debt the bank will extend is called a ---------------------.
    an understanding between a bank and borrower indicating the maximum outstanding debt the bank will extend is called a Line of Credit.
  10. What is commercial paper?
    commercial paper is unsecured promissory notes of established entities.  It is cold primarily to insurance companies, pension funds, mutual funds, banks, and other sophisticated investors so as to avoid SEC registration requirements.
  11. ------------------------------- is unsecured promissory notes of established entities.  It is cold primarily to insurance companies, pension funds, mutual funds, banks, and other sophisticated investors so as to avoid SEC registration requirements.
    commercial paper is unsecured promissory notes of established entities.  It is cold primarily to insurance companies, pension funds, mutual funds, banks, and other sophisticated investors so as to avoid SEC registration requirements.

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