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:A
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.