Which of the following is true of long-term funds? A) They provide an

Which of the following is true of long-term funds?

A) They provide an easy way to reduce financing costs because they are relatively cheaper than short-term funds.
B) They are a type of investment fund which invests in money market investments of high quality and low risk.
C) They are the sources that supply the financing necessary to support a firm’s capital budgeting activities.
D) They are the funds available to a business on the basis of inventory held and require detailed inventory tracking.

ANSWER

C