What is the most important overall source of short-term business financing both in the U.S. and worldwide?

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Trade credit is the most important overall source of short-term business financing both in the U.S. and worldwide. This is because it is easily accessible, does not require collateral or a credit check, and allows for payment flexibility. Lines of credit, notes, and commercial paper are also important sources of short-term financing, but they typically require more paperwork, collateral, and higher interest rates than trade credit.

What Is the Most Important Overall Source of Short-Term Business