The largest securities firms in the industry, act as both a diversified financial services firms and a national full-service investment bank that services both O A. Retail customers acting as broker dealers O B. Corporate customers by assisting in underwriting activities (IPOS etc.) OC. Both A & B O D. None of the above

Which of the following statements correctly describes the nature of direct financing as discussed in lectures? Group of answer choices A. More than one of the other answers is correct B. It is the source of financing whenever an investor purchases shares that are listed on the Australian Securities Exchange. C. None of the other answers is correct D. May involve an individual investor buying shares in a company when a company goes public via an initial public offering. E. It relies upon an intermediary to facilitate the flow of funds from surplus to deficit units, unlike indirect financing   I answered D, is it correct?

What is the primary function of a stock exchange? a) To provide loans to businesses b) To facilitate buying and selling of securities c) To regulate interest rates d) To manufacture goods