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The flow of funds in the primary market may be direct or indirect. Which of the following is correct? a. Direct finance is provided by

The flow of funds in the primary market may be direct or indirect. Which of the following is correct?

a.

Direct finance is provided by financial institutions such as banks.

b.

Brokers acting as agents often facilitate the provision of direct finance.

c.

Indirect finance is provided by brokers and dealers.

d.

Direct finance is provided by brokers and dealers.

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