Is each of the following an example of direct or indirect, Ask an Expert

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Is each of the following an example of direct or indirect financing?

a. John purchases stock from the biotech fi rm that employs him.

b. Mary purchases a newly issued government security.

c. John places $3,000 in a savings account at the local savings and loan.

d. John receives a loan from Mary.

e. John receives a loan from Friendly Savings Bank.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91947827

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