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Why will banks extend short-term working capital financing to companies to which they would not extend long-term credit. a. Conditions are unlikely to deteriorate too
Why will banks extend short-term working capital financing to companies to which they would not extend long-term credit.
a. | Conditions are unlikely to deteriorate too badly in the short term. |
b. | Working capital loans are "self liquidating." |
c. | The working capital itself can be used to collateralize the loan. |
d. | All of the above. |
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