Which of the following is not a characteristic of short-term financing?
A) It must be repaid within three years.
B) It is easier to obtain than long-term financing.
C) There is less risk of nonpayment to the lender.
D) The amounts are usually smaller than amounts obtained through long-term sources.
E) There is a close working relationship between borrower and lender.

Question

Quizplus · Accepted Answer

Short-term financing does not necessarily have to be repaid within three years. Its repayment period can range from a few days to a few years, depending on the agreement between the borrower and the lender.

Which of the Following Is Not a Characteristic of Short-Term