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Question

A commercial bill is used to ____________


A

Meet the short term debt

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B

Pay the interest

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C

Finance the working capital requirements

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D

Meet the long term debt

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Solution

The correct option is C

Finance the working capital requirements


Working capital financing is done by various modes such as trade credit, cash and discount of bills, bank guarantee, letter of credit, factoring, commercial paper, working capital financing extensively used by all small and big businesses.


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