CH02 Flashcards by Émilie Lavigne

Q

Functions of FM

A

Indirect Finance
Direct Finance

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Indirect Finance

A

important role in eco.
efficient allocation of Capital

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Direct Finance

A

borrow funds directly from lender/savers
involves selling a (L) —> IOU or Debt

How well did you know this?

1

Not at all

2

3

4

5

Perfectly