Short Term Credit and Medium Term Credit.

Question

Distinguish between:

Monjur Alahi

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2025-01-04 04:42

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Short-term change and Long-term change.

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1. Short term credit is required for ___________

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Medium-Term Credit and Long Term Credit.

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Short Term Credit and Long Term Credit.

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Short Term Credit	Medium-Term Credit
(i) It refers to a loan not exceeding 2 years.	(i) It refers to a loan not exceeding 2 years.
(ii) It is taken to fulfill short-term requirements like the purchase of fertilizers, buying of HYV seeds, for meeting expenses of religious or social ceremonies, etc.	(ii) It is taken to make improvements on the land, buying cattle, or agricultural equipment, digging of canals, etc.