QUESTION 21 In a world without financial institutions, the fund flows between households and corporations are likely to be low because A. households are able to monitor the activities of the corporation more closely than financial institutions. B. the securities issued by financial institutions are more attractive to households than the securities issued by corporations. C. households tend to prefer direct investments in corproate securities. D. households tend to prefer shorter, more liquid securities. E. households are less likely to face price risk when corporate securities are sold.