AAFM GLO_CWM_LVL_1 Question Answer
Which of the following can be described as involving direct finance?
A corporation’s stock is traded in an over-the-counter market.
A corporation buys commercial paper issued by another corporation.
A pension fund manager buys commercial paper from the issuing corporation.
Both (B) and (C) of the above.
TESTED 08 Jan 2026
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