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10 January, 19:02

Kate buys a share of google. google uses the funds raised from selling its stock to expand its operations into asia. this is an example of:

a. direct finance

b. indirect finance

c. use of a financial institution

d. a loan

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Answers (1)
  1. 10 January, 20:48
    0
    A.

    Indirect finance means that there must be a financial intermediary, however, shares are bought and sold between the buyer and seller, therefore this is direct finance.
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