Question
A finance company invests in loans to families who intend to finance the purchase of garden beds. The finance company, raises funds by issuing commercial
A finance company invests in loans to families who intend to finance the purchase of garden beds. The finance company, raises funds by issuing commercial paper to Queensland state government, who has a treasury surplus.
Which type of finance is it?
A. | Indirect finance using the financial markets for the intermediary's use and source of funds | |
B. | Indirect finance using the financial markets for the intermediary's use of funds only | |
C. | Indirect finance using the financial markets for the intermediary's source of funds only | |
D. | Two separate cases of direct finance, both using financial markets for the source of funds. | |
E. | Indirect finance without the use of financial markets |
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