Which of the following takes place in the direct finance market?
A) Firms borrow funds from banks.
B) Deposits from savers are accumulated and loans made to borrowers.
C) Ownership in corporations is sold in the form of preferred stock.
D) Banks offer savings accounts to customers.
Answer: C) Ownership in corporations is sold in the form of preferred stock.
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The difference between a Treasury bill and a Treasury bond is that the bill
A) can be purchased by anyone, and the bond can be purchased by U.S. citizens only. B) is insured, and the bond is not. C) pays more than the bond. D) pays no interest. E) is short-term, and the bond is long-term.
The three main crops of the nation from the end of the Civil War to the turn of the century (1900) were (1) ______, (2) __________; and (3) _________.
Fill in the blank(s) with the appropriate word(s).
Existing employees prefer:
A. negative elastic supplies of labor. B. elastic supplies of labor. C. unit-elastic supplies of labor. D. inelastic supplies of labor.
Alternating periods of economic growth and contraction are
A. The result of recurrent shifts of aggregate demand and aggregate supply. B. The result of government intervention according to Keynes. C. Not typical of the U.S. economy. D. Indicative of an unstable economy and require government intervention according to classical economists.