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Direct financing occurs when an lender-savers borrows directly from a borrower-spenders. a borrower-spenders borrows directly from a lender-savers. an lender-savers borrows from the federal government.

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Direct financing occurs when an lender-savers borrows directly from a borrower-spenders. a borrower-spenders borrows directly from a lender-savers. an lender-savers borrows from the federal government. a borrower-spenders borrows from the federal government

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