The Presence of Transaction Costs in Financial Markets Explains,in Part,why

question 35

Multiple Choice

The presence of transaction costs in financial markets explains,in part,why

• A) financial intermediaries and indirect finance play such an important role in financial markets.
• B) equity and bond financing play such an important role in financial markets.
• C) corporations get more funds through equity financing than they get from financial intermediaries.
• D) direct financing is more important than indirect financing as a source of funds.

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Definitions:

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, reduced sensory activity, and inhibited voluntary muscle activity.

Non-REM (N) Sleep

A phase of sleep that excludes REM sleep, characterized by slower brain waves, reduced heart rate, and lower body temperature.

Deepest Stage

Refers to the most profound level of sleep, often associated with stage 3 and 4 of non-REM sleep, where the sleeper is least responsive to external stimuli.

Sleep

Sleep is a naturally recurring state of mind and body, characterized by altered consciousness, reduced sensory activity, and inhibition of nearly all voluntary muscles.