Syllabus C3

a) Discuss situations where it may be appropriate to raise short-term finance.
b) Describe the different forms of bank loans and overdrafts, their terms and conditions.
c) Explain the legal relationship between bank and customer.
d) Explain the nature of trade credit and its use as a short-term source of finance.
e) Evaluate the risks associated with increasing the amount of short-term finance in an organisation.
f) Discuss the relative merits and limitations of short term finance