Of the sources of external funds for nonfinancial businesses in Canada, corporate bonds and commercial paper account for approximately ________ of the total.
A) 5 percent
B) 10 percent
C) 15 percent
D) 50 percent

Question

Quizplus · Accepted Answer

According to the data from Statistics Canada, as of the fourth quarter of 2020, corporate bonds and commercial paper accounted for approximately 15 percent of the total external funds raised by nonfinancial businesses in Canada. Other sources of external funds for nonfinancial businesses include loans from banks, loans from non-bank financial institutions, and equity financing.

Of the Sources of External Funds for Nonfinancial Businesses in Canada