Firms generally choose to finance temporary current assets with short- term debt because:
A) banks prefer to make so called self- liquidating loans.
B) they must do so according to GAAP
C) short- term rates tend to be more stable than long- term rates.
D) it would be impossible to get long- term debt for that purpose
Correct Answer:
Verified
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Q81: Temporary current assets are:
A) current assets that
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