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A-Z Garden Equipment (Pty) Ltd needs further financing to expand their operatio...

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A-Z Garden Equipment (Pty) Ltd needs further financing to

expand their operations. 

Which ONE

of the following is NOT an example of

how A-Z Garden Equipment (Pty) Ltd can raise money externally? 

(a)  Borrowing money from their bank.

(b)  Retaining their operating cash flow.

(c)  Borrowing from their creditors.

(d)  Borrowing money from a financial institution.

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