Home › CBSE Class 11 (Commerce) › Business Studies › Sources of Business Finance › Medium-term finance is needed for more than one …
Medium-term finance is needed for more than one year but less than how long?
AFive years
BThree years
CTen years
DTwo years
Answer & Solution
Correct answer: A. Five years
Medium-term sources cover a period of more than one year but less than five years.
Related questions
Which is true of the choice of a source of funds?Short-term financing mostly funds which kind of asset?Besides finance, development institutions also provide what?Financial institutions mainly meet which type of requirements?Government financial institutions are also called what?Before sanctioning a loan, a commercial bank requires the borrower to do what?A bank loan does not need which formality?A merit of bank loans is that business secrecy is what?