4 ms·
That's where 0% credit comes in. It needs to take the whole chain. We shut down for 3 months. Net 60 terms become net 150. Net 90 becomes net 180. Everyone pays
by woofie11 7y ago
That's where 0% credit comes in. It needs to take the whole chain. We shut down for 3 months. Net 60 terms become net 150. Net 90 becomes net 180. Everyone pays as planned, just up to 6 months later and with no interest.
- wool_gather 7y agoThis could help, but note that it still puts a crimp in things, because entities that extend credit (in any form) are counting on previous debts being paid in order to offer money/goods to other customers. This applies even to the banks at the top of the chain -- at least until you get to (in the U.S.) the Fed itself, which can will money into existence if needed.