Short-Term and Long-Term Financing, Financing Method
Short-Term and Long-Term Financing, Financing Method: Sources of finance are important for business operation. Two main types of financing business are short-term and long-term financing. Short-term financing Short-term financing is less expensive (low interest rate) for business but it is riskier than long-term financing. The advantages and disadvantages of short-term financing are as follows: Interest rates of short-term financing are
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