Question: The National Association of Credit Management (NACM) is a non-profit organization based in Columbia, Maryland that promotes standards for the business-to-business credit profession, the trade association specializes in education for its membership, advancement of credit industry practices as well as what, which is the credit extended by one trader to another for the purchase of goods and services?
Facts:
National Association of Credit Management specialized in business credit
Trade credit is extended for the purchase of goods and services
Answer: Trade credit