Q434
Financial instrument which is used to raise funds for working capital is considered as
A.
commercial paper
AnswerB.
commercial notes
C.
notes payable
D.
notes receivable
Answer: Option A
Solution
Answer: Option A
Solution:
Financial instrument which is used to raise funds for working capital is considered as commercial paper. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.