The Main Difference Between Direct Private Long-Term Debt Financing and Public

question 311

True/False

The main difference between direct private long-term debt financing and public issues of debt is that registration costs are lower for direct placements.

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Definitions:

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.

Unskilled Labor

Labor that requires no specialized skills, education, or training for its performance.

Productivity Gains

Increases in the amount of output produced per unit of input, reflecting improvements in efficiency, technology, or processes.

Transferability

The ability of an asset to be transferred or converted easily from one individual to another without affecting its value.