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What is short-term finance? |
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Answer» Short-term finance, usually, refers to finance required by a firm for a period of one year or less. It is the finance required for the purchase of raw materials, payment of wages and salaries and for meeting the other day – to -day manufacturing,-administrative, marketing and other expenses of a firm. It is called short-term finance, as it is required for a short period of one year or less. |
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