A、Issuing marketable securities is the primary way businesses finance their operations
B、Banks are the second most important source of external funds to finance their activities
C、Stocks are the most important source of external funds to finance their activities
D、Indirect finance is many times more important than direct finance as a source of external funds
A、lenders may demand positions on the board of directors of the firms that they provide with financing
B、lenders will choose to write complicated contracts, prohibiting the borrowers from using the loan proceeds for unauthorized purposes
C、lenders will more readily lend to borrowers with high net worth
D、all of the above
A、principal-agent
B、adverse selection
C、free-rider
D、debt deflation
A、Stock
B、Bonds and commercial paper
C、Bank loans
D、Other loans
A、Stocks are the most important source of finance for American businesses
B、Issuing marketable securities is not the primary way businesses finance their operations
C、Indirect finance, which involves the activities of financial intermediaries, is many times more important than direct finance, in which businesses raise funds directly from lenders in financial markets
D、Banks are the most important source of external funds to finance businesses
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