Question

Trade credit, Overdraft, Cash Credit , Long term loan . Find  odd man out​

Answer 1

Answer:

overdraft

not sure about this answer

Answer 2

Answer:

Given: Trade credit, Overdraft, Cash Credit, Long term loan

To find: Find the odd one out

The answer is Trade credit.

Explanation:

Trade credit is a loan given by a person to another when the goods and services are bought for credit purposes, hence it is a source of borrowed capital. All the sources for raising borrowed funds include loans from commercial banks, loans from financial institutions, issues of debentures, public deposits, and trade credit capital.

All the rest of the option is not the source of borrowed capital instead overdraft is a facility that is a part of the current account. cash credit is a part of a line of credit termed a current account.

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