Is each of the following an example of direct or indirect financing? a. John purchases stock from
Question:
Is each of the following an example of direct or indirect financing?
a. John purchases stock from the biotech firm that employs him.
b. Mary purchases a newly issued government security.
c. John places $3,000 in a savings account at the local savings and loan.
d. John receives a loan from Mary.
e. John receives a loan from Friendly Savings Bank.
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Lets categorize each scenario as an example of direct or indirect financing a John purchases stock f...View the full answer
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Anurag Agrawal
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Related Book For 
Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
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