MCQOPTIONS
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| 1. |
Which of the following can be described as involving indirect finance? |
| A. | A bank buys a U.S. Treasury bill from one of its depositors. |
| B. | A corporation buys commercial paper issued by another corporation. |
| C. | A pension fund manager buys commercial paper in the primary market. |
| D. | Both (B) and (C) of the above. |
| Answer» B. A corporation buys commercial paper issued by another corporation. | |