1) Mary used her savings to buy some stocks of a company in the secondary market while Jane sold some stocks she owned through a stock broker. George invested his savings in a bank while Tom bought treasury bills of the U.S. government. Who among the following is using direct finance?

Select one:

a. Mary

b. Jane

c. George

d. Tom

2) Mobi's is a new company that manufactures premium apparel for men. It needs fund for expanding its production units and is planing to issue the first lot of shares. These shares will be traded in the

Select one:

a. primary market

b. secondary market

c. tertiary market

d. closed market

3) The amount of debt and equity outstanding in the United States is more than ___ times the nation's GDP.

Select one:

a. 2

b. 3

c. 4

d. 5