Which of these is generally a short term loan?
(a) Cash credit
(b) Home loans
(c) Overdraft
(d) Car loans
Answers
Answered by
1
Answer:
overdraft
Explanation:
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Answered by
2
Answer:
Cash credit
Explanation:
Cash Credit is a short term loan approved by banks for businesses, financial institutions and companies to meet their working capital requirements. The borrowing company can take money, even without a credit balance, upto whatever borrowing limit exists.
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