Borrowed Money That Will Be Used for More Than One

question 216

Multiple Choice

Borrowed money that will be used for more than one year is called

• A) trade credit.
• B) long-term financing.
• C) equity capital.
• D) secured financing.
• E) short-term financing.

---

Definitions:

Supervisor

An individual in a position of authority responsible for overseeing the work of others and providing guidance.

Routine Claim

A request or demand for action, typically in business, that is considered normal or standard procedure.

Persuasive Claim

An assertion made in an attempt to convince or influence others to accept a particular viewpoint or course of action.

Free Exchange

The unhindered trade of goods, services, or ideas between individuals or entities, without restrictive regulations.