Funds used for paying wages, salaries and payments for raw materials are categorized under
liquid capital
circulating capital
fixed capital
nominal capital
Correct answer is B
Circulating capital includes intermediate goods and operating expenses, i.e., short-lived items that are used in production and used up in the process of creating other goods or services. e.g Raw materials, work in process, finished goods, and cash at hand that continually flow within an organization.