$7$

Multiple Choice $2$ points

With regard to external sources of financing for nonfinancial businesses in the United States, which of the following are accurate statements?

Direct finance accounts for more than $50$ percent of the external financing of American businesses.

Since $1970,$ most of the newly issued corporate bonds and commercial paper have been sold directly to American households.

Marketable securities account for a larger share of external business financing in the United States than in Germany and Japan.

Smaller businesses almost always raise funds by issuing marketable securities$.$