Bank credit is a minor source of short-term financing for firms.

Bank Credit

The amount of credit available to a company or individual from a banking institution.

Short-Term Financing

Refers to the borrowing of funds for a period of less than one year to meet immediate financial needs.

Obtain an insight into the assortment of short-term financing choices and their attributes.

Verified Answer

Final Answer :

False

Explanation :

Bank credit is actually a major source of short-term financing for firms.

Learning Objectives

Obtain an insight into the assortment of short-term financing choices and their attributes.