Short 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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1. Short term credit is required for ___________

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Short Term Credit and Medium Term Credit.

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Medium-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

Short Term Credit	Long Term Credit
(i) It refers to a loan not exceeding 2 years.	(i) It is taken for a period of more than 5 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 generally taken to buy tractors, making permanent improvements on the land, etc.