Which of the following borrowing options is an unsecured loan?

Which of the following borrowing options is an unsecured loan?
A . Second-mortgage financing from a bank.
B . An issue of commercial paper.
C . Pledged accounts receivable.
D . Asset-based financing.

Answer: B

Latest IIA-CIA-Part3 Practice Questions with 402 Q&As

Updated Study Material | Instant Download | Detailed Answers and Explanations

Subscribe
Notify of
guest
0 Comments