A business has a short-term problem with its payments exceeding its receipts. Which TWO of the following would be appropriate for meeting this financial shortfall? (Choose two.)
A) A bank overdraft
B) A bill of exchange
C) A mortgage
D) Issuing shares
E) A leasing arrangement

Question

Quizplus · Accepted Answer

A bank overdraft provides immediate access to funds to cover short-term cash flow issues. A bill of exchange can be used to delay payments, providing temporary relief for cash flow problems.

A Business Has a Short-Term Problem with Its Payments Exceeding