“commercial bank provide only short term finance”? do you agree? Explain the various forms of bank finance.
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Answer:
That's not right. Commercial bank also provides loan which payable in more than 1 year, which is a long term finance.
Explanation:
-Bank overdraft (short term finance)
-Bank Loan payable within year (short term)
-Bank Loan payable after 1 year (Long-term)
-Islamic Finance (short & long)
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