Practice - Types of Finance Based on Duration
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Practice Questions
Test your understanding with targeted questions
Define short-term finance.
💡 Hint: Think of everyday business expenses.
What is medium-term finance used for?
💡 Hint: Consider machinery or vehicles.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What type of finance covers a duration of less than one year?
💡 Hint: Think about everyday businesses.
True or False: Medium-term finance typically lasts more than five years.
💡 Hint: Remember the duration breakdown.
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Challenge Problems
Push your limits with advanced challenges
A business plans to expand its market reach. Would it require short, medium, or long-term finance? Justify your answer.
💡 Hint: Think about the scale of the investment needed.
You have $20,000 needed in two months for an immediate operational cost but also expect to spend $70,000 on new machinery over four years. How would you categorize these two financial needs?
💡 Hint: How long will each investment be active?
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