Which of the Following Statements Is Correct

Which of the following statements is correct?

A) Under normal conditions,the shape of the yield curve implies that the interest cost of short-term debt is greater than that of long-term debt,although short-term debt has other advantages that make it desirable as a financing source.
B) Flexibility is an advantage of short-term credit but this is somewhat offset by the higher flotation costs associated with the need to repeatedly renew short-term credit.
C) A short-term loan usually can be obtained more quickly than a long-term loan but the penalty for early repayment of a short-term loan is significantly higher than for a long-term loan.
D) Statements about the flexibility,cost,and riskiness of short-term versus long-term credit are dependent on the type of credit that actually is used.
E) Short-term debt is often less costly than long-term debt and the major reason for this is that short-term debt exposes the borrowing firm to much less risk than long-term debt.