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  3. Short-term debt is a major source of funds for a firm. For large firms, commercial banks are the source of short-term finance, a

Short-term debt is a major source of funds for a firm. For large firms, commercial banks are the source of short-term finance, a

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问题     Short-term debt is a major source of funds for a firm. For large firms, commercial banks are the source of short-term finance, and for small firms, they can also turn to commercial banks when they have difficulties in revolving. Lines of credit may be obtained【C1】______commercial banks as a possible way of【C2】______that the firm has Jan【C3】______source of short-term finance.
    In general,【C4】______banks can increase the effective rate of【C5】______that they earn on a loan by requiring a【C6】______to maintain compensating balances, by discounting the【C7】______in advance(i.e.deducing the interest at the beginning of the loan), or【C8】______requiring installment payments. However, commercial bank loans may still be cheaper than other【C9】______of short-term finance such as trade credit.
    Trade credit is【C10】______to suppliers and is a【C11】______source of finance.  Many small firms use it【C12】______there is no other source of funds【C13】______to them. The borrower may also be【C14】______of its true cost which is【C15】______more expensive than short-term loans from commercial【C16】______
    Commercial paper is unsecured short-term debt. It is usually【C17】______by large credit-worthy corporations as【C18】______source of short-term funds. The【C19】______interest rate is usually lower【C20】______comparable commercial bank loans.
【C6】
选项 A、depositor
B、saver
C、borrower
D、lender
答案C
解析 depositor“存款人”；lender“出借人，贷方”；borrower“借款人”，从句意上看银行只能要求借款人支付收支差额进行盈利，故选C)。saver指“节俭的人”，意思相距甚远。
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