Q. Which of the following can be described as involving indirect finance? (Solved)
1. A bank buys a U.S. Treasury bill from one of its depositors.
2. A corporation buys commercial paper issued by another corporation.
3. A pension fund manager buys commercial paper in the primary market.
4. Both (B) and (C) of the above.
- a. A bank buys a U.S. Treasury bill from one of its depositors.