Interest rates stayed relatively low during the 2012-2015 time frame, so more and more companies took on long-term debt rather than short-term debt.

Name: Interest rates stayed relatively low during the 2012-2015 time frame, so more and more companies took on long-term debt rather than short-term debt.
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This statement is true. Low interest rates during the 2012-2015 time frame made it more attractive for companies to take on long-term debt, as the cost of borrowing was relatively low.

Interest Rates Stayed Relatively Low During the 2012-2015 Time Frame