Which One of the Following Statements Regarding Factoring Is Correct

Which one of the following statements regarding factoring is correct?

A) Some banks and bank subsidiaries may provide factoring.
B) Under with-recourse factoring, when a customer makes a payment the factoring company passes the money on to the company minus a handling fee.
C) The discount charged by the factoring company is approximately equal to the rate charged on a secured overdraft loan.
D) With non-recourse factoring, the company cannot sell additional accounts receivable to the factoring company after the initial amount.

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