Multiple Choice
Why have U.S.firms preferred to finance their operations through public debt markets rather than through bank loans?
A) Bank loans are less flexible and more public than public debt markets.
B) Bank loans are generally limited in amount and cost more than public debt markets.
C) Bank loans are more difficult to obtain and cost more than public debt markets.
D) Bank loans are subject to many more regulations than public debt markets.
Correct Answer:
Verified
Correct Answer:
Verified
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