Which of the following is not a reason it is usually easier to obtain short-term debt financing than long-term debt financing?
a. A close working relationship normally exists between the short-term borrower and the lender.
b. Lenders of short-term loans do not require collateral.
c. The dollar amounts of short-term loans are usually smaller than those of long-term loans.
d. For the lender, the shorter repayment period means less risk of nonpayment.
