Which is not the feature of long-term finance ?
This type of fund is used for acquiring fixed assets such as land, building, plant etc.
This type of finance is required to meet day-to-day requirements such as holding stock of raw materials etc.
This type of finance is required for expansion projects and adoption of innovative techniques.
This type of finance is required comparatively more by the large scale enterprises as compared to small enterprises.

Solution

This type of finance is required to meet day-to-day requirements such as holding stock of raw materials etc.

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