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Why will banks permit the use of an overdraft as suitable for funding the purchase of inventory that will quickly be converted into cash? A:
Why will banks permit the use of an overdraft as suitable for funding the purchase of inventory that will quickly be converted into cash?
A: To assist a company in meeting unexpected shortterm cash flow problems.
B: To assist a company in exploiting shortterm opportunities.
C: To assist a company through seasonal downturns in liquidity.
D: All of the above.
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