Quiznetik
Financial Markets and Services | Set 2
1. In factoring business sells its accounts receivable to a third party at a
A. Discount
B. Profit
C. Premium
D. None of these
Correct : A. Discount
2. a bank that offers service to general public and to companies is called
A. Reserve Bank
B. Commercial bank
C. Savings bank
D. All of these
Correct : B. Commercial bank