Question

*PLEASE ANSWER!!! ASAP FOR A TEST!!*

Which of the following is an example of direct finance?

a.) An individual applies for a mortgage through a mortgage bank.

b.) An individual deposits funds into a savings account at his credit union.

c.) A municipality sells municipal bonds to investors.

d.) A small business opens a line of credit form a commercial bank.

Answer 1

Answer:

B

Explanation:

Answer 2

The answer choice which is an example of direct finance is:

• b.) An individual deposits funds into a savings account at his credit union.

What is Direct Finance?

This refers to the financial transaction where an individual or corporation borrows money directly without the use of intermediaries.

With this in mind, we can see that one good example of direct finance is when an individual deposits funds into a savings account at his credit union.

Read more about direct finance here:
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