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WAEC Marketing 2016 Question 5

Question 5

Marketing Finance

The source of funds that a firm can use to address cash difficulties within one year is

  1. A.overdraft.
  2. B.factoring.
  3. C.grants.
  4. D.leasing.
Show the answer and explanation

Answer: A (overdraft.)

Explanation

A bank overdraft is short-term credit used to meet temporary cash shortages.