Business Law 6.02 Credit Vocabulary
2 Questions
| Attempts: 118
It has been said that it is very has been said that a business cannot run on equity alone and has to have taken credit or given credit to others. The debt should never supers equity. Have you just finished business law 6.02 course? Take up this quiz on credit vocabulary to refresh your memory.
Questions and Answers
- 1.
A party who sells on credit or lends money
- A.
Debtor
- B.
Creditor
Correct Answer
B. Creditor -
- 2.
A party who buys on creit or borrows money
- A.
Debtor
- B.
Creditor
Correct Answer
A. Debtor -
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Current Version
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Sep 21, 2020Quiz Edited by
ProProfs Editorial Team -
Dec 05, 2008Quiz Created by
Tddavid
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