This refers to the unsecured deposits invited by companies from the people mainly to finance working capital needs.Select one:a.equity sharesb.loansc.public depositd.trade credit
Question
This refers to the unsecured deposits invited by companies from the people mainly to finance working capital needs.Select one:a.equity sharesb.loansc.public depositd.trade credit
Solution
The correct answer is c. public deposit. This is because public deposits refer to the unsecured funds deposited by the public to a company. These funds are typically used to finance a company's working capital needs.
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