Revision 4 – Business Finance
Short-term loans. 4.2.1 It is a loan for a fixed amount for a fixed period. 4.2.2 Advantages: Borrower knows what he will be expected to pay back at regular intervals. Bank can also predict its future income with more certainty. Not repayable on demand. 4.3. Trade credit. 4.3.1 It’s a interest free short-term … ................
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