Asked by Sandy Babbie on Apr 25, 2024
Which of the following is not a source of short-term funds?
A) Trade credit
B) Accounts receivable
C) Commercial paper
D) Line of credit
Short-Term Funds
Short-Term Funds are investment vehicles that invest in securities with short maturity periods, usually less than one year, providing liquidity and income.
Trade Credit
A type of commercial financing in which a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations to finance their immediate cash flow needs.
- Pinpoint and evaluate the foundations of short-term finance and their charges.
Learning Objectives
- Pinpoint and evaluate the foundations of short-term finance and their charges.
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