Identify which source of funds is consistent with each of the scenarios described in the following...
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Identify which source of funds is consistent with each of the scenarios described in the following table. Loans from Banks This source of funds can be consistently renewed over time, providing finance companies with a continual source of funds. Agnate Financial creates a source of funds by retaining earnings. Surge Holdings can only use this source of funds for short-term financing, but it can create a permanent source of funds by repeatedly rolling over its issues. Purity Financial Services uses this source of funds to obtain long-term funds, particularly if it feels that interest rates will rise over time. Although this is not a major source of funds, some states allow finance companies to attract funds in this way. O O Commercial Paper O O O O O Deposits Bonds Capital O O O O O O O O O O O O O O Identify which source of funds is consistent with each of the scenarios described in the following table. Loans from Banks This source of funds can be consistently renewed over time, providing finance companies with a continual source of funds. Agnate Financial creates a source of funds by retaining earnings. Surge Holdings can only use this source of funds for short-term financing, but it can create a permanent source of funds by repeatedly rolling over its issues. Purity Financial Services uses this source of funds to obtain long-term funds, particularly if it feels that interest rates will rise over time. Although this is not a major source of funds, some states allow finance companies to attract funds in this way. O O Commercial Paper O O O O O Deposits Bonds Capital O O O O O O O O O O O O O O
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Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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