Caterpillar Tractor Sells Heavy Construction Equipment to a Polish Firm

Caterpillar Tractor sells heavy construction equipment to a Polish firm.In return,the Polish firm issues a promissory note to Caterpillar promising to pay for the equipment over a five-year period.Caterpillar sells the note to Deutsche Bank at a discount.Caterpillar has used

A) accounts receivable financing
B) factoring
C) forfaiting
D) letter of credit

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