Q44
Short term sources are
A.
Bank credit
B.
Public deposit
C.
Commercial papers
AnswerD.
All of the above
Answer: Option C
Solution
Answer: Option C
Solution:
Short term sources are Commercial papers. Commercial paper is a money-market security issued (sold) by large corporations to obtain funds to meet short-term debt obligations (for example, payroll) and is backed only by an issuing bank or company promise to pay the face amount on the maturity date specified on the note.