Question 15 Not yet answered Points out of 3.no | Flag question Regarding direct versus indirect transfer/ financing discussed in class, which of the following statements is incorrect? Select one: a. Monitoring of actions taken by the users of funds is more costly through direct financing than by indirect financing. O b. In direct financing, the preference of investment horizon by lenders/investors must match the horizon preference of the users of funds. O c. In indirect financing, financial intermediaries can transform assets by offering low risk and liquid claims to savers, while providing higher risk and less liquid funds to the borrowers. O d. Users of funds must register with the SEC to raise funds through direct financing by issuing securities to the public. O e. The cost of capital for the users of funds is usually higher via direct financing than through indirect financing. Next page Previous page Time left 1:58:37 HEWLETT PACKARD