Final answer:
The disadvantages of using short-term payables for financing purposes include difficulty in conducting long-term needs and asset assessments and the risk of high loan defaults for banks.
Step-by-step explanation:
The disadvantages of using short-term payables for financing purposes include difficulty in conducting long-term needs and asset assessments to plan for long-term programming and impact.
Additionally, there is a risk of high loan defaults, especially for banks. Banks may face severe problems due to the asset-liability time mismatch, where customers can withdraw bank's liabilities in the short term while customers repay its assets in the long term.
This can lead to situations where banks are paying out more in interest to depositors than they are receiving from borrowers.