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Characteristics of pledging accounts receivable include all of the following, except:

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Characteristics of pledging accounts receivable include all of the following, except:

 Options:

A. the sale of receivables to a finance company
B. the lender stipulates which accounts are of sufficient quality
C. 60-80% of the value of the acceptable collateral may be borrowed
D. the interest rate is normally well in excess of prime

 

The Correct Answer Is:

  • A. the sale of receivables to a finance company

 

Conclusion

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