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Explain why trade credit is costless for the borrower when the funds are repaid before the end of the discount period Multiple choices are the price that is paid is the same from the time of

Explain why trade credit is costless for the borrower when the funds are repaid before the end of the discount period.

Multiple choices are:

the price that is paid is the same from the time of purchase until the end of the discount period
skipping the discount is just like paying interest on a loan
paying after the discount period (skipping the discount) is like paying interest on a credit card balance
paying before the end of the discount period is like paying your entire credit card bill and not incurring any interest or late fee
A and B
A and C
A and D
B and C
B and D
C and D
all but A
all but B
all but C
all but D
all are true
 

Apr 08 2020 View more View Less

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