Question: Read each situation and identify the credit source that competes with banks. Explain your response. BFT Corporation wants to expand its operations. It does not

Read each situation and identify the credit source that competes with banks. Explain your response.

BFT Corporation wants to expand its operations. It does not want to obtain a loan through a bank. Instead, it has chosen to issue short-term promissory notes that will be sold in the market to investors.

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