The Most Common Means of Financing a Temporary Cash Deficit

question 85

Multiple Choice

The most common means of financing a temporary cash deficit is a:

• A)long-term secured bank loan.
• B)short-term secured bank loan.
• C)short-term issue of corporate bonds.
• D)long-term unsecured bank loan.
• E)short-term unsecured bank loan.

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Definitions:

Operation Indicated

A specific mathematical operation that is suggested or required by the context or problem.

Simplify

To make something less complicated or easier to understand, often by reducing it to its basic elements.

Simplify

To simplify something or make it more comprehensible.

Evaluate

To calculate or determine the value of an expression or the solution to a problem.