The Presence of Transaction Costs in Financial Markets Explains,in Part,why

Multiple Choice

The presence of transaction costs in financial markets explains,in part,why

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.