Correct option: Long term loan
In finance, short term refers to a period less than one year or 365 days while long term is a period greater than one year or 365 days. Here the borrower is borrowing $5000 for a period of four years which is greater than 365 days. This is why it is a long-term loan. In the personal balance sheet, this loan should be reflected under long term liabilities.
Answer:
D) M1 falls by $1,000, and M2 is unchanged.
Explanation:
since checking account comes under M1, a transfer would result in fail, Therefore, a transfer would result in a change in M1 but shows no effect on M2
A question that is considered to be critical that should be
answered first before doing or performing internal communication audit is that, 'how is the responsiveness of the internal communication efforts in regards to
the needs and concerns of the employees?'