alleryMatch credit advances: 1. Pledge: p. Cash sum 2. Bill: q. Discount 3. Demand: r. Day loan
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Cash credit extends credit against pledged goods, bill discounting advances cash before trade bills mature, and demand loans are callable on notice.
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