Current Affairs · Banking and Finance
When a bank engages in Factoring on a non-recourse basis, the bank (the factor) assumes which of the following risks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Credit risk (the risk that the debtor will not pay the invoice)✓
- 2Interest rate volatility risk
- 3Currency fluctuation risk
- 4Inventory holding cost
Correct answer
Credit risk (the risk that the debtor will not pay the invoice)
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