Medium-Term Credit and Long 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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Short Term Credit and Medium Term Credit.

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Short Term Credit and Long Term Credit.

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Long Term Credit is for a period of up to 5 years.

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

Medium-Term Credit	Long Term Credit
(i) It refers to a loan for a period of up to 5 years.	(i) It is taken for a period of more than 5 years.
(ii) It is taken to make improvements on the land, buying cattle, or agricultural equipment, digging of canals, etc.	(ii) It is generally taken to buy tractors, making permanent improvements on the land, etc.