STATEMENT 1: There are only two parties involve in a credit transaction STATEMENT 2: A CREDITOR is either an individual or a business that provides money, supplies or services to a company or individual and does not demand payment immediately. STATEMENT 3: A DEBTOR is an individual or entity or even a client owes the business money for services already rendered. A. All statements are true B. Statement 1 and 2 are true C. Statement 2 and 3 are true D. Statement 1 and 3 are true
STATEMENT 1: There are only two parties involve in a credit transaction STATEMENT 2: A CREDITOR is either an individual or a business that provides money, supplies or services to a company or individual and does not demand payment immediately. STATEMENT 3: A DEBTOR is an individual or entity or even a client owes the business money for services already rendered. A. All statements are true B. Statement 1 and 2 are true C. Statement 2 and 3 are true D. Statement 1 and 3 are true
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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STATEMENT 1: There are only two parties involve in a credit transaction STATEMENT 2: A CREDITOR is either an individual or a business that provides money, supplies or services to a company or individual and does not demand payment immediately. STATEMENT 3: A DEBTOR is an individual or entity or even a client owes the business money for services already rendered.
A. All statements are true
B. Statement 1 and 2 are true
C. Statement 2 and 3 are true
D. Statement 1 and 3 are true
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