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101. |
In factoring business sells its accounts receivable to a third party at a |
A. | Discount |
B. | Profit |
C. | Premium |
D. | None of these |
Answer» A. Discount |
102. |
a bank that offers service to general public and to companies is called |
A. | Reserve Bank |
B. | Commercial bank |
C. | Savings bank |
D. | All of these |
Answer» B. Commercial bank |
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