A banker would be most likely to recommend using short-term bank credit to finance: 1. Seasonal bulges in inventory and receivables II. Permanent working capital needs II. Repayment of long-term debt Select one O All, and Ill O B. only OC and Il only O D. and Ill only Which of the following is generally true concerning the prime rate of interest? 1. It is the rate charged to a bank's most credit-worthy customers II. It is usually lower than the LIBOR III. It is the cheapest cost of short-term financing Select one: A. and ill only OB. II and III oc, and ll only OD. only