Loans from commercial banks is a flexible source of finance.

True

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False

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Solution

The correct option is A
True

True. Loans from commercial banks is a flexible source of finance, as the loan amount can be increased according to business needs and can be repaid in advance when funds are not needed.

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Similar questions

A loan from a bank is a ____________ source of finance as the loan amount can be increased according to business needs.

From which source, a firm can raise long term funds when a loan is not provided by a commercial bank? Discuss its merits.

Commercial banks provide loans against

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