Financial instrument which is used to raise funds for working capital is considered as

A. commercial paper

B. commercial notes

C. notes payable

D. notes receivable

Answer: Option A

Solution(By Examveda Team)

Financial instrument which is used to raise funds for working capital is considered as commercial paper. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.