11th Class Business Studies Sources Of Business Finance

  • question_answer 2)
    The term 'redeemable' is used for (a) preference shares (b) commercial paper (c) equity shares (d) public deposits

    Answer:

    (b) Commercial paper is an unsecured promissory note issued by a firm to raise funds for a short period, varying from 90 days to 364 days after which it has to be redeemed.


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