7) In ____________, funds are transferred when one party purchases financial assets previously held by another party. a. Medium of exchange b. Financial instruments c. Financial markets d. Financial institutions

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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7) In ____________, funds are transferred when one party purchases financial assets previously held by another party.
a.
Medium of exchange
b.
Financial instruments
c.
Financial markets
d.
Financial institutions
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