Trade credit is free credit
Give explanation: Trade credit is free credit.
Expert
Trade credit is not free. It has a cost. Who bears that cost depends on the terms of the transaction between the grantor and the recipient of the trade credit.
Illustrates an example of Utility Function?
How is a country's economic well-being increased through free international trade in goods & services?According to David Ricardo, along with free international trade, this is mutually beneficial for two countries to each specialize in the pr
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Illustrates the Epstein–Wilmott model?
Explain the advantages and limitations of the internal rate of return method?
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