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Credit extended by one trader to another for buying goods is:
AEquity capital
BTrade credit
CBank credit
DPublic deposit
Answer & Solution
Correct answer: B. Trade credit
1. Supplies are bought without immediate payment.
2. It is a short-term source.
3. That is trade credit.
_Source: NCERT Class 11 Business Studies, Chapter 8, Sources of Business Finance._
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