Factoring and Forfeiting , housing FinanceQuiz

Factoring and Forfeiting , housing FinanceQuiz

12th Grade

51 Qs

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Factoring and Forfeiting , housing FinanceQuiz

Factoring and Forfeiting , housing FinanceQuiz

Assessment

Quiz

Professional Development

12th Grade

Practice Problem

Hard

Created by

Minal G

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51 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factoring is a ___ based financial service.

fund

fee

commission

income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following services is not provided by a factor?

Financing

Maintenance of Accounts

Hiring Manpower

Collection of debts

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factoring involves the outright sale of receivables at a _____ to a factor to obtain funds.

premium

discount

par

fixed price

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The exporter informs the ____ about the export of goods to an import client domiciled in a specified country.

importer

import factor

export factor

Government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The export factor writes to the _____ enquiring about the creditworthiness, reputation etc of the importer.

importer

import factor

export

Government

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ____ makes payment to the exporter upon assignment, maturity of export receivables, depending upon the type of factoring arrangement between them.

importer

import factor

Government

export factor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _____ takes the responsibility for collecting payment from the buyer.

importer

export factor

exporter

import factor

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