To keep trade credit open,the full balance must be periodically paid off.

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Katie Stetson · Accepted Answer

Final Answer : False, Explanation :  Trade credit typically involves payment terms that allow a business to defer payment for a certain period of time. The balance can be paid off in full or in installments, but it is not necessary to pay off the full balance periodically in order to keep the trade credit open. However, failing to make payments according to the agreed-upon terms can result in the suspension or cancellation of trade credit.

To keep trade credit open,the full balance must be periodically paid off.

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