McqMate
| Q. |
The concept of adverse selection helps to explain |
| A. | which firms are more likely to obtain funds from banks and other financial intermediaries, rather than from the securities markets. |
| B. | why indirect finance is more important than direct finance as a source of business finance. |
| C. | why direct finance is more important than indirect finance as a source of business finance. |
| D. | only (A) and (B) of the above. |
| Answer» D. only (A) and (B) of the above. | |
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