As a financial manager, you decide to borrow funds in order to meet payroll. your company will pay back the funds within nine months. you are seeking ________ financing.

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25-06-2017
Business

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As a financial manager, you decide to borrow funds in order to meet payroll. your company will pay back the funds within nine months. you are seeking ________ financing.

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taskmasters taskmasters · Answer 1 · 2017-07-06T13:12:04+02:00

taskmasters taskmasters

06-07-2017

The answer to this question is SHORT TERM FINANCING. Short term financing is a loan where in the time of repaying the loan is one year or less than one year. In short term financing, the following financial documents are used to have the loan; commercial paper, promissory notes, letter of credit, and repurchase agreements.

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