Question

Identify whether the given sentence is about short-term funds or long- term funds. write if it is short-term funds and if long-term funds.

1. The company obtained a motor loan from a bank.

2. Jose borrowed P5,000 from Ramon, a financier who charges a 23% interest per month for any amount of loan.
3. Anita obtained a cash loan of P12,000 from BBG Bankard, payable in 23 months.

4. The company made cash advances from its shareholders.

5. leni company, a manufacturing business, is short of cash to pay its suppliers. So, the management promised to pay the supplier within four months.

6. The government issued a treasury bill to a commercial bank in order to finance projects, like construction of roads and bridges.

7. Michael made a housing loan from the Government Service Insurance

8. The business made external borrowings to strengthen its capital.​

Answer 1

Answer:

1. short term loan

2.long term loan

3. long term loan

4. long term loan

5. short term loan

6. short term loan

7. long term loan

8. long term loan