Posted by **Wanda** on Thursday, May 6, 2010 at 6:13pm.

I need help in understanding this question given by my instructor. I have posted this question to her, three days ago and not getting any response. Please help!!

What is meant by short-term bank notes and how does it apply for permanent financing at short-term rates? Can you please explain this to me?

I want to do the answer myself, but not understanding this.

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