A finance companyraises funds by issuing commercial paper to Rio Tinto and invests in governments and corporate
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Question:
A finance company raises funds by issuing commercial paper to Rio Tinto and invests in governments and corporate bonds. Which type of finance is it?
A. Indirect finance without the use of financial markets
B. Indirect finance using the financial markets for the intermediary's source of funds only
C. Indirect finance using the financial markets for the intermediary's use of funds only
D. Indirect finance using the financial markets for the intermediary's use and source of funds
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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