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Trade credit, bank loans and commercial paper mainly provide funds for:
AShort-term needs
BVery long needs
CPermanent needs
DLifetime needs
Answer & Solution
Correct answer: A. Short-term needs
1. The period does not exceed one year.
2. They finance current assets.
3. These are short-term sources.
_Source: NCERT Class 11 Business Studies, Chapter 8, Sources of Business Finance._
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