What are the three main types of unsecured short-term loans?
A) trade credit, bank loans, and commercial paper
B) treasury bills, certificates of deposit, and accounts payable
C) trade credit, accounts payable, and bank loans
D) accounts payable, notes payable, and loans payable

Question

Quizplus · Accepted Answer

Trade credit, bank loans, and commercial paper are the three main types of unsecured short-term loans commonly used by businesses for financing their operations.

What Are the Three Main Types of Unsecured Short-Term Loans