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lythong266 lythong266
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The primary purpose of short-term financing is to ________.

▸ ensure the company can meet its current liabilities

▸ pay for start-up costs

▸ raise capital to pay for expansion plans

▸ lower the cost of capital

▸ eliminate the need for collateral
Textbook 

Business in Action


Edition: 9th
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Boba155Boba155
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More questions for this book are available here
ensure the company can meet its current liabilities

Short-term financing is financing that will be repaid within one year. It is used to cover current expenses. The primary purpose of short-term financing is to ensure that a company maintains its liquidity so that it can meet its current liabilities.

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