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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

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.

(d) Borrowing money from a financial institution.

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