Day: February 24, 2025

Some sources of finance are available to both companies and households.

Which of the following options is a source of finance available to companies only?

Select ONE answer:

1. Bank overdraft
2. Credit cards
3. Commercial paper
4. Hire purchase

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > Commercial paper – Commercial paper is a source of finance for banks and companies with good credit ratings.
4. Not correct

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