Quiz Ch 30 – Recognition of Credit Transactions
Principles of Corporate Finance
Brealey, Myers, and Allen
13th Edition
Which transaction includes credit?
Which transaction includes credit?
Which is NOT listed as an advantage of electronic payment systems?
What is the term for the market dedicated to short-term investments?
True or false: Direct deposits are handled using the Automated Clearing House (ACH) system.
True or false: The capital market is recognized as the marketplace for short-term investments.
True or false: Following the acquisition of a firm’s receivables by a factor, the customer of the firm makes payments directly to the factor.
True or false: Lockbox systems are implemented to streamline the collections process.
True or false: A commercial draft is fundamentally an instruction to make a payment.
True or false: Export credit insurance in the United States is furnished by the Export-Import Bank in partnership with a coalition of insurance firms known as the Foreign Credit Insurance Association (FCIA).
True or false: Fedwire serves as the conduit for interbank money transfers.