Short-term mutual funds invest solely in tax-exempt securities.

In an incipient market, demand is zero before the product is offered

Indicate whether the statement is true or false

Which of the following equations represents a simple and effective way to think about anticipated external funding?

A) External funds required = assets - liabilities - equity B) External funds required = assets + liabilities - equity C) External funds required = assets + liabilities + equity D) External funds required = assets - liabilities + equity