Financial markets improve economic welfare because

A. investment bank.

B. commercial bank.

C. stock exchange.

D. brokerage house.

A. A corporations stock is traded in an over-the-counter market.

B. People buy shares in a mutual fund.

C. A pension fund manager buys commercial paper in the secondary market.

D. An insurance company buys shares of common stock in the over-the-counter markets.

E. None of the above

A. A corporations stock is traded in an over-the-counter market.

B. A corporation buys commercial paper issued by another corporation.

C. A pension fund manager buys commercial paper from the issuing corporation.

D. Both A and B of the above.

E. Both B and C of the above

A. A corporation takes out loans from a bank.

B. People buy shares in a mutual fund.

C. A corporation buys commercial paper in a secondary market.

D. All of the above.

E. Only A and B of the above

A. investment bankers.

B. traders.

C. brokers.

D. dealers.

E. none of the above.

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