Question

Of the following sources of funds, ______ are not Borrowed Funds. 

Options

• Loans

• Retained earnings

• Public deposits

• Debentures

Answer 1

Retained earnings

Explanation - 

Borrowed funds can take the shape of loans, debentures, public deposits, and other similar instruments. These can be obtained from banks, other financial institutions, holders of debentures, and the general public.