Question
As the historical gap between direct and indirect finance has narrowed, the primary distinction between direct and indirect finance today is in who owns the
As the historical gap between direct and indirect finance has narrowed, the primary distinction between direct and indirect finance today is in who owns the underlying asset. In direct finance,
Multiple Choice
the lender has a claim on a financial institution while in indirect finance the lender has a direct claim on the borrower.
asset holder has a direct claim on a private sector corporation while in indirect finance the asset holder has a claim on the government.
the asset holder has a claim on a financial institution while in indirect finance the asset holder has a direct claim on the borrower.
the asset holder has a direct claim on the borrower while in indirect finance the asset holder has
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
