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Sources of finance

QuestionAnswer
Name a short term source of finance and its length Credit cards, bank overdrafts (1yr)
Name a medium term source of finance and its length Term loans, Hire purchase (1-5yr)
Name a long term source of finance and its length Mortgage (Usually 30-35yr)
What is a bank overdraft It allows your account to go into negative
What is Hire Purchase It means that you hire the product and you pay for it in installments
Created by: georgejoseph
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