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    Foundations of Finance
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    Exam 15: Working-Capital Management
  5. Question
    To Ensure That a Borrower Is Not Using Short-Term Bank
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To Ensure That a Borrower Is Not Using Short-Term Bank

Question 137

Question 137

True/False

To ensure that a borrower is not using short-term bank credit to finance a part of its permanent needs for funds,banks often require borrowers to clean up their short-term loans for a 30-45 day period during the year.

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