Question

Identify whether the given sentence is about short-term funds or long- term funds. Write STF for short-term funds and LTF if long-term funds.

1. The business obtained a car loan from a bank.

2. Jose borrowed P5,000 from Ramon, a financier who charges a 20% interest per month for any amount of loan.

3. Anita obtained a cash loan of P190,000 from RCBC Bankard, payable in 18 months.

4. The business made cash advances from its shareholders.

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

7. Marie made a housing loan from the Government Service Insurance System (GSIS). 8. The business made external borrowings to strengthen its capital.​

Answer 1

Answer:

1. stf

2.Ltf

3. Ltf

4.stf

5.stf

6.Ltf

7.Ltf

8.stf