For the development of a country the credit should be _____.

For a short period

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Easily available

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Cheap and affordable

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For a long period

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Solution

The correct option is C Cheap and affordable
Economic growth is prerequisite for the economic development of the country.
Cheap and affordable credit (low-interest rates) is one of the prerequisites for economic growth of any country.

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A fixed asset should be financed through

(a) a long term liability

(b) a short term liability

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