Short-term credit, or short-term financing, is any liability that is scheduled for repayment within one year. Among the sources of short-term funds are banks, suppliers, securities firms, and insurance companies. Their securities (or obligations) can take the form of bank loans, trade credit, commercial paper, and accruals. S financing are easier to obtain and manage than others. Financial managers should consider the costs of the various sources of financing as part of a business's cash management strategy ome types of short-term The following statement refers to a source of short-term credit. Select the best term to complete the following sentence: The credit that is created when a supplier sells goods and services on an account with extended payment terms is called Garcia Production Inc. is a manufacturing company. Garcia's financial managers use many sources of financing for the company's annual borrowings, which exceed $100 million. Garcla's credit rating is excellent. At the moment, the managers are looking to fund a s5 million payroll by issuing a note with a 30-day maturity. what type of financing is this? O Commercial paper O Trade credit O Bank loans O Accrual