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WAEC Commerce 2014 Question 45

Question 45

Business Finance

A business obtains part of its short-term capital from

  1. A.bonds.
  2. B.debentures.
  3. C.trade credit.
  4. D.ordinary shares.
Show the answer and explanation

Answer: C (trade credit.)

Explanation

Trade credit from suppliers is a short-term source of funds.