Question 1
A bank will typically lend the firm no more than ________% of the book value of receivables.
◦ 70
◦ 80
◦ 60
◦ 50
◦ 40
Question 2
All of the following are forms of short term financing EXCEPT
◦ receivable financing.
◦ inventory financing.
◦ lines of credit.
◦ self-liquidating loans.