The funds required for a period of less than one year are called ___________.

Long-term finance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Medium-term finance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Short-term finance

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

All of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Short-term finance
The funds that are borrowed for less than a year's period of time are known as short-term finances. Some of the sources of short term finances are trade credits, bank credits, customer's advances, cash credit, overdrafts, etc.

Suggest Corrections

Similar questions

___ market is the market for short-term fund, i.e. funds for a period of up to one year only.

A Treasury Bill is basically

(a) An instrument to borrow short-term funds

(b) An instrument to borrow long-term funds

(d) None of the above

Define the term refractive index of a medium. Can it be less than 1?

Join BYJU'S Learning Program