Economics · Financial Management
Which one of the following is a method of converting a non-productive, inactive asset (i.e., receivable) into a productive asset (viz. cash) by selling receivables to a company that specializes in their collection and administration?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bills discounting
- 2Underwriting
- 3Guaranteeing
- 4Factoring✓
Correct answer
Factoring
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