The Least Expensive Form of Short-Term Financing Is

question 20

Multiple Choice

The least expensive form of short-term financing is

• A) trade credit.
• B) promissory notes.
• C) unsecured bank loans.
• D) secured bank loans.
• E) factoring.

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Definitions:

Real Estate

Property comprising land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Basement

The lowest floor of a building, typically below ground level.

Conversion

An unauthorized act that deprives an owner of personal property without their consent.

Personal Property

All the property that is not real property; it includes movable objects and intangible rights.