- 1 Marks
Question
Which of the following is NOT a usual source of short-term finance?
A. Short-term bank loans
B. Commercial paper
C. Trade payables
D. Bank overdraft
E. Lease finance
Answer
Answer: E
Explanation:
Lease finance is typically considered a source of long-term finance rather than short-term finance. Short-term finance includes options like bank overdrafts, trade payables, and commercial paper, which are generally used to meet immediate financial needs for a short duration
- Tags: Business Finance, Financial Sources, Short-term Finance
- Level: Level 1
- Topic: Basics of Business Finance and Financial Markets
- Series: MAY 2017
- Uploader: Kwame Aikins