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The primary disadvantage of relying on short-term credit for continuous financing needs is: a. the risk of increasing interest rates b. the higher interest rates
The primary disadvantage of relying on short-term credit for continuous financing needs is:
a. the risk of increasing interest rates
b. the higher interest rates relative to long-term rates
c. the time it takes to arrange for it as compared to long-term financing
d. banks dont like to lend short-term
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