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Question
How does trade credit work?
How does trade credit work?
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Solution
Trade credit is a pre-decided arrangement between the buyers and sellers on the duration of the payment. Here the buyer has the option of purchasing goods and paying after a certain agreed upon time period.
Also read:
- MCQ on Internal Trade
- History of Trade and Commerce in India
- Trade Deficit
- MCQs on International Trade and Finance
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
Trade credit is a pre-decided arrangement between the buyers and sellers on the duration of the payment. Here the buyer has the option of purchasing goods and paying after a certain agreed upon time period.
Also read:
- MCQ on Internal Trade
- History of Trade and Commerce in India
- Trade Deficit
- MCQs on International Trade and Finance
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
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