Many companies secure financing from various sources with various payback periods. Not all funding sources are the same, and in fact, some can come with a pretty high cost to the firm. These costs could include high interest rates, long payback periods, and increased ownership in the firm which could result in lost control. Please analyze the funding options listed, and determine if the option is usually a short-term or long-term strategy. Bank loan of 3 years Short-term financing Long-term financing Line of credit Factoring Trade credit Bond Stock Commercial paper Reset The types of deposit accounts include checking accounts, savings accounts, money market accounts, certificates of deposit, and credit cards. Each of these accounts have advantages, disadvantages, and best applications. In the following activity, use the hints to categorize both the features and uses of the various forms by each type of money. While paper money and coins are the most visible types of money, the combined value of all the printed bills and all of the minted coins is rather insignificant when compared with the value of money kept in checking accounts, savings accounts, and other monetary forms. Read each statement when it appears and place the item in the correct box in the chart. More restrictions Immediate withdrawals Features Uses Checking accounts Delayed withdrawals Making purchases Savings accounts Writing checks Guaranteed interest rate Money market accounts Longer term, higher rates Limited checks Certificates of deposit Preapproved credit Funds to cash Credit cards