Juxipi Inc. is well known for having a stronger credit score than its competitors. That is why, buyers are more willing to buy promissory notes from Juxipi than its competitors. Which of the following short-term financing options is being offered by Juxipi Inc. in the given scenario?
A) Short-term bank loans
B) Factoring
C) Trade credit
D) Commercial paper

Question

Quizplus · Accepted Answer

Juxipi Inc. is offering commercial paper, which is a short-term unsecured promissory note issued by companies with strong credit ratings to raise funds.