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Which of the following statements is the correct? Trade credit is provided to a business when purchases are made. Commercial paper is a form of
Which of the following statements is the correct?
Trade credit is provided to a business when purchases are made. | ||
Commercial paper is a form of short-term financing that is primarily used by large, financially stable companies. | ||
Short-term debt, while often cheaper than long-term debt, exposes a firm to the potential problems associated with rolling over loans. | ||
All of the statements above are correct. |
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