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9 August, 02:25

Andrew, a pharmacist, realized that he should stock extra supplies of a particular medicine to respond to an outbreak of a particular infection in the city. Lacking sufficient capital to purchase the extra inventory, he turned to his bank and asked to borrow a predetermined sum of money. Which of the following sources of funding does this scenario best illustrate? A. Trade creditB. Initial public offeringC. Venture capitalD. Equity financingE. Line of credit

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  1. 9 August, 02:53
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    E. Line of credit

    Explanation:

    From the following sources of funding, the mentioned scenario best explained by "Line of credit".

    Because in line of credit is also a type of facility in which a sum of amount is been credited to the government or any person that carries the bank account of that particular bank, itself by the bank.

    And also in this a person can borrow a sum of money from the bank as Andrew asked to his bank.
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