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Which of the following statements is true? a. None of these statements are correct. b. Financial intermediaries represent a direct method for borrowing by MNCs.

Which of the following statements is true?

a.

None of these statements are correct.

b.

Financial intermediaries represent a direct method for borrowing by MNCs.

c.

Historically, US MNCs have relied heavily on debt financing from banks compared with Japanese MNCs.

d.

Securitisation reflects a reduction in the cost of utilising financial intermediaries.

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