A banker would be most likely to recommend using short-term bank credit to finance: 1. Seasonal bulges in inventory and receivables II. Permanent working capital needs III. Repayment of long-term debt Select one: O AI and III only OB. I and II only OC I, II, and III OD. I only Which of the following is generally true concerning the prime rate of interest? 1. It is the rate charged to a bank's most credit-worthy customers II. It is usually lower than the LIBOR III. It is the cheapest cost of short-term financing Select one: OA. I only OB. I and Il only OC. I, II and III OD. I and Ill only