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Which of the following is true with regard to supplier’s line of credit?

Which of the following is true with regard to supplier’s line of credit?


[A]It is similar to the letter of credit issued by banks
[B]It is the deferred credit facility offered by the suppliers of machineries
[C]It is a credit facility offered by the banks to meet the working capital requirements
[D]It is an interest free credit offered by the government to promote industrial development in the backward areas

Dec 28 2017 View more View Less

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