Factoring is a very inexpensive way for firms to get a short-term infu
QUESTION
Factoring is a very inexpensive way for firms to get a short-term infusion of funds.
Indicate whether the statement is true or false.
ANSWER
Answer: FALSE
Explanation: Factoring is an expensive way for firms to get a short-term infusion of funds, but it provides an avenue for small businesses that may not qualify for other kinds of loans.
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