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Which of the following statements is incorrect? a ) Financia markets attract funds from investors and chennel funds to corporations. b ) Money markets enable
Which of the following statements is incorrect?
a Financia markets attract funds from investors and chennel funds to corporations.
b Money markets enable corporations to borrow funds on a shortterm basis so that they can support their existing operations.
c Financial institutions serve solely as intermediaries with the financial markets and never serve as investors.
d Investors seek to invest their funds in the stock of firms that are oresently undervalued and have much potential to improve
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