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kari74 [83]
4 years ago
6

Which is the most likely scenario in which someone would take out a short-term loan with a bank?

Business
1 answer:
emmasim [6.3K]4 years ago
7 0
The most likely scenario in which someone would take out a short-term loan with a bank is to pay for credit card debt. The short-term loan has less than one year period to be repaid and this loan is usually taken by someone if there is a temporary problem with their cash flow. This loan can also be taken by a company to fulfill their working capital for increasing its sales.
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