Multiple Choice
Tinix is a well-established petrochemical company that holds excellent credit ratings in the market. It provides short-term financial capital to other big firms by issuing promissory notes that are collateralized by physical assets. Which of the following short-term financing options is being offered by Tinix in the given scenario?
A) Factoring
B) Asset-backed commercial paper
C) Trade credit
D) Line of credit
Correct Answer:
Verified
Correct Answer:
Verified
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