which of the following is a source of short term finance
Answer Details
A source of short-term finance is an overdraft.
An overdraft is a type of loan that allows you to spend more money than you have in your account, up to a certain limit. It's called a "short-term" source of finance because the loan is usually expected to be paid back within a year.
An overdraft can be a quick and convenient way to get access to cash in an emergency or to cover unexpected expenses. However, it's important to be aware that overdrafts can be expensive, with high interest rates and fees.
In summary, an overdraft is a type of loan that allows you to spend more money than you have in your account, and it is a source of short-term finance.