As an alternative to issuing a commercial bill for short-term funds,a corporation may:
A) buy a promissory note.
B) issue a convertible note.
C) use the overdraft facility of investment bank.
D) issue a negotiable certificate of deposit.

Question

Quizplus · Accepted Answer

Corporations often use an overdraft facility from a bank as an alternative to issuing commercial bills for short-term funding needs.

As an Alternative to Issuing a Commercial Bill for Short-Term